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Silver dives below $76, gold tests $4,500 support as Iran risk drives oil, rate fears - Kitco PM Report
Spot gold and silver prices are sharply lower in late U.S. trading Friday, as a stronger dollar, surging Treasury yields and oil-led inflation fears offset defensive demand tied to the Strait of Hormuz. At the time of writing, spot gold was trading near $4,539.40 an ounce, down 2.40%, while spot silver was trading at $75.910, down 8.94% on the session.
Tickers: AAAUDGLGLDGLDMIAUOUNZSILSILJSIVRSLVSLVPUGLDGPIAUF
Spot gold and silver prices are sharply lower in late U.S. trading Friday, as a stronger dollar, surging Treasury yields and oil-led inflation fears offset defensive demand tied to the Strait of Hormuz. At the time of writing, spot gold was trading near $4,539.40 an ounce, down 2.40%, while spot silver was trading at $75.910, down 8.94% on the session.