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Gold and silver fall as Fed-rate relief fades after data - Kitco AM Report - KITCO

Source: KITCO

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DW NOTE

Gold and silver are down 24% and 49% respectively from recent peaks — both falling as the dollar strengthens on renewed rate-hike expectations. Meanwhile crude is up 9% this week because Iran closed the Strait of Hormuz three days ago. The Fed-relief story works until geopolitics reminds markets thatrate policy is not a hedge against supply shocks.

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Gold and silver fall as Fed-rate relief fades after data - Kitco AM Report - KITCO

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