Gold (XAUUSD) & Silver Price Forecast: After 3% Plunge, Can CPI Push XAU Above $5,000?

Gold and Silver Market Analysis: Recovery Eyes US CPI Data
Precious metals are fighting to stay on top after a pretty dramatic “liquidity dump” on February 12 where gold plummeted more than 3% and silver tanked nearly 10%.

Precious Metals: Safe-Haven Demand vs. Liquidation
Spot Gold is getting back on track at around $4,960-$4,970, sort of clawing its way back from a low of $4,880 earlier. Alright so Thursday was a bit ugly as the liquidation was the result of people having to meet margin calls across asset lines, but gold is bouncing back because – let’s face it, it’s a classic defensive bet.