Precious metals experienced a sharp sell-off on June 24, with gold dropping to $3,980 and silver falling to $58. Factors include a stronger US dollar, rising interest rate expectations, and adjustments in gold forecasts from major banks, resulting in significant losses for both metals this year.
Precious metals experienced a sharp sell-off on June 24. Comex gold dropped to $3,980, falling below $4,000, while silver slipped under $60 to $58. This decline was driven by a stronger US dollar, rising interest rate expectations due to a hawkish Fed outlook, resulting in…
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