Silver Declines 2.37% Amid Middle East Tensions and Fed Uncertainty
Silver (XAG/USD) fell 2.37% on Monday to around $57.75 as geopolitical tensions in the Middle East and uncertainty over Federal Reserve policy weighed on the precious metal.
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Silver prices dropped sharply on Monday, losing 2.37% to trade near $57.75 per ounce. The decline reflects a market reassessment of two major headwinds:
- Escalating energy tensions in the Middle East, which could stoke inflation and disrupt global supply chains.
- Ongoing uncertainty about the Federal Reserve's next policy moves, dampening demand for non-yielding assets like silver.
Investors are adjusting positions as these factors create a challenging outlook for the metal in the near term.
Source: FXStreet Forex News