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Silver Plunges Over 5% as Hot US PPI Data Fuels Fed Hike Fears

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Silver plunged over 5% and gold retreated as hotter U.S.
  • producer price inflation heightened expectations of a Federal Reserve rate hike.
  • Higher global bond yields and inflation-driven headwinds weighed heavily on non-yielding precious metals.
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XAGUSD price history

63.66 -32.43% over the displayed period

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