Spot gold and silver prices are sharply lower after the close Tuesday, as the U.S. dollar held near its strongest levels of the year, post-Fed rate-hike risk stayed in place and the Strait of Hormuz risk premium continued to unwind. At the time of writing, spot gold was trading near $4,123.00 an ounce, down 1.64%, while spot silver was trading at $61.545, down 5.45% on the session. The latest post-Fed positioning remains the primary headwind for precious metals. Traders are no longer treating the Fed as a near-term source of easing protection; the market is instead trading the combination of resilient U.S. data, a ... (full story)