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Silver Price Forecast: XAG/USD falls to near $75.00 as Fed turns hawkish
Silver price (XAG/USD) extends its losses for the third successive day, trading around $74.20 per troy ounce during the Asian hours on Monday. Silver prices fall because a Middle East energy shock is driving up broader inflation, leading to expectations of higher central bank interest rates. US Federal Reserve (Fed) is shifting toward a more aggressive stance on inflation. Several Fed officials recently emphasized that controlling inflation is their top priority, even suggesting that further interest rate hikes could be necessary if price pressures persist. Financial markets have sharply increased the likelihood of a ... (full story)