Energy Shock and Hawkish Fed Support – BBH

Energy shock and hawkish Fed support – BBH

The post Energy shock and hawkish Fed support – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s Elias Haddad highlights that an escalating Iran war-driven energy shock, combined with a restrictive Federal Reserve and tightening bias at other central banks, is pressuring risk assets and supporting the Dollar. The FOMC delivered a hawkish hold, slashing rate cut expectations and nudging projections and the longer-term rate highe…

Gold hits over one-month low

Spot gold shed 3.7% to settle at $4,818.88/oz, its lowest level since early February Gold prices hit an over one-month low on Wednesday, extending its decline to a sixth straight day amid uncertainty over the impact of surging oil prices on inflation and the economy. Spot gold shed 3.7% to settle at $4,818.88/oz, its lowest level since early February. Meanwhile, gold futures declined 3.7% as well to settle at $4,823.90/oz. An escalating war in t…

Silver Price Today: Silver tumbles below $73 as hawkish Fed, stronger dollar and oil shock hit demand

Spot silver fell 4.3% to $72.14 an ounce Thursday, while U.S. silver futures dropped 6.34% after the Federal Reserve signaled rates will stay higher for longer and the dollar strengthened. Gold, platinum, and palladium also declined. Brent crude jumped 5.7% to $113.46 after Iran struck Gulf energy sites. Analysts expect continued volatility after silver’s record surge and sharp reversals this year. The post Silver Price Today: Silver tumbles bel…