MCX gold and silver fell sharply as higher oil prices revived inflation concerns and boosted expectations of further US Federal Reserve rate hikes. Gold breached key support levels, while rising bond yields, a firm dollar and geopolitical uncertainty pressured precious metals.
MCX gold and silver fell sharply as higher oil prices revived inflation concerns and boosted expectations of further US Federal Reserve rate hikes. Gold breached key support levels, while rising bond yields, a firm dollar and geopolitical uncertainty pressured precious metals.
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