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Bond yields weigh on gold prices, 5G rollout supports silver demand – Heraeus
Gold prices continue to face headwinds from elevated bond yields, while silver is set to benefit from the global 5G rollout for years to come, according to analysts at Heraeus. In their latest precious metals report, the analysts wrote that the Federal Reserve has confirmed the markets’ assessment of the economy. “Federal Reserve Chairman Jerome Powell dismissed the possibility of a rate hike in June during Wednesday's FOMC meeting, though he reaffirmed his commitment to prioritising inflation containment given the lack of progress towards the 2% target rate,” they said. “Although the dollar remains strong, ... (full story)