Gold and silver kept sliding on June 18 despite the Iran deal and falling oil, as the U.S. Fed's higher-rate signal, not war or oil, drives the metals.
Key facts
Gold drifted lower again on Thursday, June 18, easing toward the low $4,210s an ounce.
Silver slipped into the mid-$65.70 range, extending its longer and sharper decline.
The slide continued even as a U.S.-Iran peace deal was signed, oil fell, and the Strait of Hormuz moved toward reopening.
The real driver is interest rates: the Federal Reserve’s signal of higher rates ahead keeps weighing on metals that pay no yield.
Gold eased 1.7% to 4,120 and silver fell 3.7% to 62.61 on June 22 as a firmer dollar and US rate-hike bets outweighed a fading…
Gold prices declined on Thursday as U.S. strikes on Iran boosted oil and fueled inflation concerns, impacting interest rate…
Gold fell to $4,331/oz and silver hit $67 as rate-hike bets, a strong dollar, and the Warsh Fed outweigh war and inflation.
Gold prices dipped as escalating U.S.-Iran tensions fueled oil price surges, sparking inflation worries and casting a shadow over…
Gold fell 1.65% to about $4,260 and silver dropped 3.08% to $67.89 on June 17 as the U.S. Fed signaled higher rates, lifting the…
Gold prices dipped as escalating U.S. actions in Iran sent oil soaring, sparking inflation worries and prolonging high interest…
