Prices of precious metals declined following a jump in United States Treasury yields in light of the latest Federal Reserve's interest rate hike. At a press conference after the decision was announced, Fed Chair Jerome Powell pointed out that it is far too soon to discuss a pause in raising interest rates. Gold yields no interest and the demand for the yellow metal was seemingly impacted by the Fed chief's remarks.
Precious metals down as US bond yields rise
Written on 11/03/2022
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