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Gold holds below $4,000, silver below $60 — has the shimmer worn off the precious metal rally?
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- Gold and silver prices are holding below key thresholds as hawkish central banks and inflation fears weigh on the metals — and market watchers see little chance of a meaningful rebound in the near term.
- Spot gold was last seen 0.5% lower at around 4:00 a.m.
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Gold and silver prices are holding below key thresholds as hawkish central banks and inflation fears weigh on the metals — and market watchers see little chance of a meaningful rebound in the near term.
Spot gold was last seen 0.5% lower at around 4:00 a.m. ET on Thursday, trading at around $3,980.79 an ounce after falling below the $4,000 mark in the previous session. Front-month U.S. gold futures were down by 0.2% to settle at $3986.60. Year-to-date, gold is now down by 7.7%.
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