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Gold dips below $4,000. Silver prices also down
Gold and silver prices both dipped on Monday afternoon, the same day that the wider markets also fell. Front month Comex gold for July delivery dropped 2.6% to $3,997 on Monday, dropping for the second straight trading day and posting the largest one-day dollar and percentage decline since June 24, according to Dow Jones Market Data. Monday’s settle value is the second-lowest this year, down 24.9% from its 52-week high of $5,318.40 on Jan. 29. Silver prices for July delivery fell 3.4% on Monday, to $57.634, notching the lowest settle value since Dec. 4, according to Dow Jones Market Data. The drop is the largest ... (full story)
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From fxstreet.com | 5 hr ago
Silver price remains below $60.00 as the week begins, diving nearly 4% on Monday amid tensions in the Middle East. Hawkish remarks by Federal Reserve (Fed) Governor Christopher Waller underpin the Greenback, which, according to the US Dollar Index (DXY), is up by over 0.28%. The XAG/USD trades at $57.50. XAG/USD price forecast: Technical outlook The ...
In this Metals Spotlight segment, Bloomberg's Metals Reporter Jack Ryan talks about how oil prices and a renewed US blockade of the Strait of Hormuz are impacting gold and silver prices. Bullion slid below $4,000 an ounce during trading on Monday as Fed Governor Christopher Waller said policymakers may need to raise rates in the near term. Ryan reports on ...