Precious Metals Fall as Oil Prices Rise, Silver Hits Year Low
Gold settles below $4,000 as precious metals extend losses. Kudo’s Konstantinos Chrysikos says higher oil prices and inflation implications are weighing on gold; the Fed is expected to leave rates unchanged.
Precious metals continued to decline, with silver touching a new low for the year and gold settling below $4,000. Higher oil prices and their inflation implications remained a drag on gold, according to Konstantinos Chrysikos of Kudo in a note. The Fed is expected to leave interest rates unchanged…