Metals Stocks: Gold and silver trade near highest in a year as Fed rate-cut expectations persist

by | Apr 13, 2023 | Stock Market

Gold and silver futures trade just shy of the highest level in a year on Thursday as a weaker U.S. dollar and expectations that the Federal Reserve may cut interest rates this year have boosted precious-metals prices.  Price actionMarket drivers After briefly touching their highest levels in more than a year earlier in the week, gold and silver are still holding strong following a spate of U.S. inflation data and minutes from the Federal Reserve’s March meeting showing Fed staff expect a mild recession…

Article Attribution | Read More at Article Source

Share This