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Gold and Silver Slide as Fed Signals Hawkish Rate Hike Stance

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

News Summary

  • Gold and silver prices are sliding following hawkish comments from Federal Reserve official Kevin Warsh, who signaled potential interest rate hikes to combat persistent inflation.
  • This environment is negative for non-yielding precious metals.
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XAUUSD price history

4331.40 -5.60% over the displayed period

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