Gold and silver have continued to ease from their recent highs, with the yellow metal trading below $2300 post-FOMC and the grey metal nearing the $26 level. Precious metals have finally responded to the recent strength of the US dollar and reduced Fed rate cut bets amid hot inflation data. Both metals rebounded after the latest US monetary policy decision and Powell’s remarks at the FOMC presser, before easing lower again. Silver has now hit its lowest level since early April, while gold was yet to test this week’s earlier low of $2280. It remains to be seen whether the metals will ease further lower, though, even ... (full story)