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XAGUSD Tumbles as Geopolitical Tensions and Hawkish Fed Outlook Fuel Inflation Fears

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The Story

News Summary

  • Silver prices dropped to March lows as rising geopolitical tensions in the Middle East spiked oil costs.
  • Growing inflation concerns and strong US labor data fueled expectations for Federal Reserve rate hikes, dampening the appeal of non-yielding precious metals.
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XAGUSD price history

64.14 -31.92% over the displayed period

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