Gold, silver ETFs tumble up to 3.6% as precious metals slide on US Fed rate-hike fears - Moneycontrol.com
Gold
Silver
AI desk brief
Gold and silver ETFs tumbled as much as 3.6% on Monday, tracking a broad sell-off in precious metals. The move was driven by rising crude oil prices, which revived inflation concerns and strengthened expectations of further US Federal Reserve rate hikes — a clear headwind for non-yielding metals.
Sources used
- S1 Moneycontrol.com via Google News — Gold, silver ETFs tumble up to 3.6% as precious metals slide on US Fed rate-hike fears - Moneycontrol.com