Gold prices slip as risk aversion recedes and interest turns to Fed's rate cues

Gold and silver prices are slightly down as trader and investor risk appetite increases, following a solid rally in U.S. stock indexes. The recent lack of major developments in the Israel-Hamas conflict has lifted market spirits and allowed traders to focus on normal market fundamentals, reducing safe-haven demand for precious metals. The Bank of Japan plans to continue its monetary policy easing, and the U.S. dollar index is slightly lower. U.S. economic data to be released includes the employment trends index and the global services purchasing managers index. Technically, gold and silver futures have a slight advantage, with resistance levels and support levels identified.