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Gold and Silver Analysis: Short-Term Pressure Builds Ahead of Powell Speech

By FXEmpire April 29, 2026 Bearish
Gold and Silver Analysis: Short-Term Pressure Builds Ahead of Powell Speech
Gold and silver remain under short-term pressure as traders await Powell's Fed guidance, while the Iran war, higher oil prices, and key support zones keep the long-term bullish outlook intact.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLSILSILJSIVRSLVSLVPUGL
Gold and silver remain under short-term pressure as traders await Powell's Fed guidance, while the Iran war, higher oil prices, and key support zones keep the long-term bullish outlook intact.