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Commodities & currencyFinancial Express

Gold, silver slide in India as Fed rate hike bets hit 100%

Neutral0

GreyOak summary

Gold and silver prices fell in India on November 12, with gold down 1.6% and silver down 2.37%. The decline was driven by a stronger US dollar and a 100% probability of a Federal Reserve rate hike following hotter-than-expected US inflation data.

What it affects

  • GoldNeutral 0

    Gold prices fell 1.6% in India.Rolling sentiment Neutral -2

  • SilverNeutral 0

    Silver prices fell 2.37% in India.Rolling sentiment Neutral 0

Source

Read the original at Financial Express

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