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Silver Tumbles as Saudi Pipeline Attack Fuels Fed Rate Hike Bets

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Silver tumbled toward $63.35 following weekend attacks on a crucial Saudi oil pipeline by Iran-aligned forces.
  • Soaring oil prices pushed Federal Reserve rate hike expectations to 86.5%, weighing heavily on non-yielding precious metals.
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