MarketPR
Gold and silver fell Tuesday as fears of further interest-rate increases weighed on precious metals markets.
The selling touched both metals broadly, and Wall Street banks moved to reassess their gold forecasts in response to the pressure.
Rate Policy Fears Drive Metal Markets Lower Precious metals tend to lose ground when rate-hike expectations rise, because higher rates lift the opportunity cost of holding non-yielding assets like gold and silver.
Tuesday's session reflected that dynamic directly.
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