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Rising energy prices and a surging dollar are pressuring metal markets, though gold maintains an upside bias near its 18-day average. The gold-silver ratio is declining as silver and copper face distinct headwinds from an overbought dollar index.

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USD/CHF climbed past 0.7800 as rising oil prices and Middle East tensions fueled expectations for the Federal Reserve to maintain high interest rates. Investors now eye upcoming U.S. GDP and PCE inflation data for the next policy catalyst.