Gold and Silver Rally on Doubts Over US Inflation and Fed Rate Hikes
From bullionvault.com
Gold and silver prices rallied further on Friday from this week's 7-month lows as the Dollar dropped amid growing doubts that the Federal Reserve under new chair Kevin Warsh will raise US interest rates any time soon despite rising headline inflation. Bond prices rose again, pushing down the annual yield offered by 10-year US Treasury debt to a 7-week low beneath 4.35%. The Dollar meanwhile fell further from Wednesday's 14-month high on its DXY index after data for May showed the deepest monthly US trade deficit in goods since the rush to stockpile preceding President Trump's "Liberation Day" tariffs in April last ...
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