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Gold and Silver Surge as Traders Price In a Prolonged Conflict
Gold and silver rallied sharply on Tuesday, with spot gold climbing roughly 1.06% to settle at $5,192 per ounce. Silver outpaced its sister metal, surging more than 1.48% to an intraday high near $90.00 before closing at $88.26, a price that represents nearly a tripling in value year-over-year. The explanation circulating most widely in financial media centered on cooling oil prices: easing inflation fears, rising expectations for Federal Reserve rate cuts, and a more dovish policy outlook sending investors into precious metals. It's a tidy narrative. It also doesn't hold up. A look at the CME FedWatch tool — the ... (full story)
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