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Shares of precious metal-related companies are trading lower as gold and silver fall after Federal Reserve Chairman Warsh's comments on inflation and prices, raising rate-hike concerns. The commodity is also under pressure after Treasury Secretary Bessent's letter suggested the Treasury exchanged existing Exchange Stabilization Fund foreign-currency assets for Yen, which contributed to a spike in the dollar value.
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Shares of precious metal-related companies are trading higher as bond yields and oil prices retreat, which alleviates pressure on the physical gold and silver markets.
Shares of precious metals-related companies are trading lower. Elevated energy costs, dollar strength and rising Fed rate-hike expectations are eroding the price outlook for traditional inflation hedges such as gold and silver.