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Gold could be next as silver takes a plunge

From cityindex.com

At the time of writing, gold was down about 0.5% on the day. But it was silver making the move with losses of around 4%. Silver’s sell-off could be a warning that gold may also take a plunge soon. After their impressive recoveries in the past two and a half months, traders are wondering whether it still make sense to keep on buying gold and silver when the Fed is still raising interest rates. The market has become confident that the hiking cycle will soon stop as inflationary pressures continue to wane. But the noticeable recovery in oil prices this year means there is a risk that inflation could remain stickier than ... (full story)

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  • Category: Technical Analysis