Gold and Silver End Losing Streaks Amid a Dollar Pullback

Gold and Silver End Losing Streaks Amid a Dollar Pullback


3/3/2023 2:49:41 PM

Last week, gold and silver slid lower for the fourth consecutive week amid dollar strength and rising Treasury yields. Currently, markets are forecasting about a 65% chance of a 0.25% interest rate hike at the next Fed policy meeting, on March 21-22. Rate hike fears, along with dollar index movements were catalysts for gold price movements throughout this week.

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies

 (0)

There are no items in the cart.