Why gold and silver fell for a third day in a row
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 23 2024
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Should l Buy ?
Source: MarketWatch
- Gold and silver prices: Settled sharply lower for the third consecutive session after Federal Reserve minutes indicated a willingness to raise interest rates to combat inflation.
- Fed officials' concerns: Expressed dismay over disappointing inflation readings and anticipated more persistent inflation in the coming months based on recent data.
- Market reaction: Precipitated by the Fed's stance on potential interest rate hikes, causing gold and silver prices to decline.
- Investor sentiment: Affected by the uncertainty surrounding future monetary policy decisions and their impact on precious metal prices.
- Continued monitoring: Investors are likely to closely watch for further developments from the Federal Reserve regarding inflation and interest rate adjustments.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
