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Gold & Silver prices fall: Oil shock, rate hike fears drive market volatility
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Gold & Silver prices fall: Oil shock, rate hike fears drive market volatility
New Delhi: Gold and Silver prices declined on Tuesday. The yellow metal traded below $4600 as inflation fears weigh in on sentiments. Silver price hovered near $73 amid inflation and rate concerns. Gold hovered below $4,600 per ounce after falling nearly 2% to a one-month low, as geopolitical tensions and inflation concerns dominated sentiment. The closure of the Strait of Hormuz has disrupted about 20% of global oil flows, with the IEA calling …
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