BUSINESSTHE RIO TIMES
Gold Slips and Silver Steadies as a Firm Dollar Bites
Gold prices fell below long-term trend support to about 4,096 on June 23, while silver remained stable near 61.58. A strong US dollar and expectations of rate hikes are pressuring safe-haven assets, with this week's US inflation data potentially influencing a shift.
Related Signal
Adjacent reporting
- Gold and Silver Steady at Last, Clawing Back Toward the Line Gold Broke
- Gold Steady as US-Iran Signals Keep Rate Hike Bets Simmering
- Gold and Silver Claw Off the Canyon Floor but Stay Deep in the Abyss
- Gold Slides and Silver Falls Harder as the Dollar Firms
- Gold and Silver Tumble as the Fed Signals Higher Rates Ahead
- Gold Steadies After Fed Holds Rates and Signals Inflation Risks