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Rising real yields crush precious metals momentum
Bullish momentum in the precious metals market suffered a significant blow this week, with gold ending down nearly 4% and silver tumbling roughly 13% from recent highs, underscoring the continued pressure on the sector. While the volatility has been jarring, the broader price action is not entirely unexpected. Precious metals are navigating an increasingly hostile macroeconomic environment, as persistent inflation concerns continue to reshape expectations for U.S. monetary policy. Markets are now adjusting to the likelihood that the Federal Reserve may need to maintain a tighter policy stance for longer than ... (full story)