Warsh inflation remarks hit precious-metals miners
Precious-metals miners slid after Kevin Warsh said the Fed’s 2% PCE objective is a firm, fixed target and inflation still needs to move faster toward target.
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HL -3.5% CDE -4.4% AG -3.3% PAAS -2.8% AEM -2.9% as gold and Silver miners extend recent decline on plunging gold/silver prices after peakin
HL -3.5% CDE -4.4% AG -3.3% PAAS -2.8% AEM -2.9% as gold and Silver miners extend recent decline on plunging gold/silver prices after peaking in January; SLV -2.9% to $50.68 off January highs $109.83 and GLD -1.5% at $366.65 (off Jan highs $509.7)