Precious Metals Prices Mixed Amid Dollar Strength and Rate Hike Expectations
1 report, 1 independent
Updated Fri 00:00
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What happened
Spot gold rose 0.2 percent to $4,288.36 per ounce by 02:00 GMT, though it was down 2 percent for the week. US gold futures edged 0.6 percent higher to $4,323.10. Spot silver slipped 0.1 percent to $63.81 per ounce, while platinum climbed 0.5 percent to $1,756.90. Palladium fell 1.3 percent to $1,257.56.
From austinglobe.com
Why it matters
The market movements were pressured by a stronger dollar and growing expectations that the Federal Reserve would maintain elevated interest rates to contain inflation. Despite the gains, all three precious metals were poised to record weekly losses.
From austinglobe.com
Who's involved
- Caleb Williams
- Tyson Bagent
- Sergio Estrada
- Meta
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The entities involved
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Caleb Williams
American football player (born 2002)
Nothing else this week.
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Meta
American technology company