According to the latest Bybit report, gold maintains its appeal as a safe haven asset amid rising macroeconomic uncertainty. This article examines current market trends and potential prospects.
Current Gold Prices
Gold reached a record price of $3,500 on April 22, 2025, and is now trading around $3,365. Since May 20, 2025, prices have remained within a range of $3,274 (support) and $3,443 (resistance).
Macroeconomic Influences
New labor market data from the U.S. indicates a hiring slowdown, which may lead to expectations of interest rate cuts. Meanwhile, upcoming inflation reports and Federal Reserve actions in September could trigger sharp price fluctuations for gold.
Silver Market Prospects
Silver is holding at $40, and it is possible it will test its all-time high of $50 again. In an unstable market environment, silver could serve as a good diversification tool for investors.
The coming weeks may prove pivotal in determining the next phase of price movement for both gold and silver against a backdrop of increasing macroeconomic uncertainty.
