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Gold and silver futures settle lower ahead of Fed decision

Precious metals futures settled lower in cautious trading ahead of the Fed’s interest-rate decision on Wednesday, amid inflation fears tied to elevated oil prices and Middle East tensions.

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Precious metals futures settled lower in cautious trading ahead of the Fed's interest-rate decision on Wednesday. Elevated oil prices amid Middle East tensions and supply disruptions continued to stoke inflation fears and bolster bets on a Federal Reserve rate hike this week, keeping the ye…