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Silver fell below $82/oz in a second consecutive decline as US inflation accelerated to 2022 highs, prompting markets to price out Fed rate cuts and bet on potential December hikes.
Gold falls near $4,650/oz amid accelerating US inflation data, with wholesale prices surging fastest since 2022. Fed rate hike expectations rise, pressuring precious metals as markets rule out 2024 r…
Brent crude fell 0.76% to $106.95/barrel as investors awaited Trump-Xi summit and Iran ceasefire developments. US inflation hit 3-year highs, raising rate concerns despite oil remaining above $100 am…
Gold declined 0.70% as stronger-than-expected US inflation data reinforced expectations for prolonged elevated Federal Reserve interest rates, pressuring precious metals despite geopolitical tensions…
Bitcoin fell below $80,000 as US PPI inflation data hit highest since 2022, reducing Fed rate cut odds to 1.4% in June and raising tightening expectations, pressuring crypto and risk assets.
EURUSD weakens to 1.15 amid Middle East tensions and strong US PPI data, ahead of key ECB and Fed meetings expected to pause rate hikes.