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Gold and silver rally after Iran-U.S. deal, but face headwinds from rate hike expectations – Heraeus
Gold and silver prices are rallying along with equities as markets digest the ceasefire deal between the United States and Iran, but elevated inflation is acting as a persistent headwind for the precious metals as rate expectations adjust to price increases, according to precious metals analysts at Heraeus. In their latest update, the analysts noted that gold continued to decline last week even after the US-Iran ceasefire appeared to be finalized, but precious metals have rallied on the confirmation of the deal. “The CPI rose 4.2% year-on-year in May and now sits above both the Federal Reserve’s target rate range ... (full story)
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- Jun 15, 4:12pm | 6 hr ago Posted byFundamental Analysis79
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