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Gold and silver tumble as rate-hike fears hit precious metals
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- Gold and silver tumbled on Tuesday, as a global sell-off in tech stocks stoked by fears of higher interest rates spilled over into metals.
- Gold futures fell 1.5% on Tuesday to $4,142 an ounce, while silver futures tumbled over 5% to $61.80 an ounce, before paring some losses to settle around $62.25.
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Gold and silver tumbled on Tuesday, as a global sell-off in tech stocks stoked by fears of higher interest rates spilled over into metals.
Gold futures fell 1.5% on Tuesday to $4,142 an ounce, while silver futures tumbled over 5% to $61.80 an ounce, before paring some losses to settle around $62.25.
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