Low impact
Spot gold fell below $4,000/oz and Shanghai silver futures dropped over 6% amid heavy selling in precious metals, as Middle East tensions escalate ahead of the upcoming Fed rate decision.
Jin1010/23, 08:59 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Silver
Pushes down
IntradayMedium confidence
Shanghai silver futures dropped over 6% amid heavy selling in precious metals
Gold
Pushes down
IntradayMedium confidence
Spot gold fell below $4,000/oz amid heavy selling in precious metals
What could change this
If the Fed decision or press conference is read as less restrictive than feared, the current selling pressure on gold and silver could ease.
XAU/USD before and after this story
3,996.90-0.55%vs previous close
+0.10%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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