Gold And Silver Plunge On Inflation Fears After Hitting Highest Prices In Months
6 Articles
6 Articles
Silver Price Forecast: XAG/USD drops 8% as hawkish Fed expectations pressure metals
Silver (XAG/USD) plunges on Friday, erasing all gains recorded earlier this week as hawkish Federal Reserve (Fed) expectations push US Treasury yields and the US Dollar (USD) higher. At the time of writing, XAG/USD is trading around $76.65, down nearly 8% on the day and hovering near its lowest level in over a week. The sharp decline comes as the latest US economic data, including stronger-than-expected inflation and resilient consumer spending,…
Gold and Silver Pressured by Inflation Shock as Traders Brace for Fed Minutes
Gold and silver got pushed around all week as hot inflation data, rising Treasury yields, a stronger U.S. dollar, and ongoing Iran-Strait of Hormuz tensions kept pressure on the metals trade. Gold steadily drifted lower as traders priced in a more entrenched “higher-for-longer” Fed environment, while silver initially outperformed in classic high-beta fashion before getting slammed in a sharp midweek liquidation as industrial-demand fears and tig…
Gold price falls back to $4,500 on sharp inflation fears
Gold extended its decline on Friday amid a broader market selloff triggered by elevated concerns over global inflation and its implications on central bank policies. Spot gold fell as much... The post Gold price falls back to $4,500 on sharp inflation fears appeared first on The Northern Miner.
Commodity wrap: Gold dives 3%, silver sinks 10% as oil climbs on Hormuz fears
Gold prices slid more than 3%, and silver plunged over 10% on Friday as sentiment in the precious metals market soured drastically. Oil prices, on the other hand, climbed more than 2% due to rising concerns about a prolonged supply disruption in the Strait of Hormuz. Meanwhile, copper's retreat from its record-high close continued, driven by two key factors: a stronger US dollar, which makes the metal pricier for international buyers, and accele…
Gold and silver show sharp declines on Friday after U.S. inflation data reinforced the expectation of higher interest rates for longer, in a market that also faces pressures from the oil surge, the strengthening of the dollar, and higher yields from Treasury bonds.See more: Gold price plummets 13% with Iran's war, but central banks sustain demandAt 9:07 ET, spot gold fell close to 2.74% and was located around $4,556 per ounce, while silver lost …
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