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Market Impact: 0.55
Gold, silver prices tumble as hot PPI, oil shock lift yields
Source: kitco.com
Commodities & Raw MaterialsInflationInterest Rates & YieldsEnergy Markets & PricesGeopolitics & War
Spot gold and silver fell sharply in late U.S. trading as hotter wholesale inflation, a surge in crude oil and rising Treasury yields outweighed safe-haven demand related to the U.S.-Iran war. The move highlights pressure on precious metals from higher inflation expectations and yields despite elevated geopolitical risk.
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