Silver tumbles to 2-year low as precious metals selloff again
Precious metals prices fell again on Thursday as gold tumbled to its lowest level in roughly 6 weeks, while silver hit its lowest in more than two years as investors bet that interest rates will remain higher for longer.
Price actionWhat analysts say While... Precious metals prices fell again on Thursday as gold tumbled to its lowest level in roughly 6 weeks, while silver hit its lowest in more than two years as investors bet that interest rates will remain higher for longer. Price action What analysts say While gold is typically seen as an inflation hedge, higher interest rates have hurt the yellow metal by making Treasury bonds and the U.S. dollar more attractive by comparison.
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