Analyst warns prolonged dollar strength may weigh on precious metals, while U.S. jobs data release is postponed amid partial government shutdown.
On Feb. 5, gold and silver prices declined in Asian trading, affected by a robust U.S. dollar. Analyst Fawad Razaqzada cautioned that continued dollar strength could exert pressure on precious metals. The release of the U.S. January nonfarm payrolls report was postponed to Feb. 11 due to a partial government shutdown.