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Silver Slumps to Two-Week Lows as Fed Rate Hike Bets Surge

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The Story

News Summary

  • Silver dropped near two-week lows around $66.7 as surging oil prices and hawkish Fed comments boosted US interest rate hike expectations to 65%.
  • Higher inflation risks and tightening monetary policy continue to weigh heavily on non-yielding precious metals.
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XAGUSD price history

63.61 -32.48% over the displayed period

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