Gold hits one-year low, silver slips below $50 as inflation fears bite
8 Articles
8 Articles
Future gold contracts had a steady fall this Friday, with the weight of a new escalation in oil prices, after new attacks in the Middle East, fuelling inflationary fears and expectations that the Federal Reserve (Fed, American central bank) should perform another monetary squeeze this year. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Gold hits one-year low, silver slips below $50 as inflation fears bite
Gold and silver prices have plummeted to their lowest in a year as energy costs surge and inflation remains a pressing concern. The decline in precious metals mirrors waning investor confidence, driven by fears over persistently high interest rates set by the US Federal Reserve. Furthermore, weak demand from major Asian markets is further stifling gold sales, contributing to the downturn seen in platinum and palladium as well.
Gold is 30% below its all-time high of $5,595 in January.
The coffee is cooled by Lula.
The gold closed the session this Friday, 30, in robust fall, reaching a minimum in about a year, in the middle of a sale...
As oil prices fuel inflation and interest rates rise, interest-free precious metals continue to come under pressure. Prices for gold and silver have fallen to the lowest level in 12 months.
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