Gold, silver prices fall over 1 pc amid rising US inflation concerns
Gold and silver prices plummeted over 1% on Wednesday, with the Multi Commodity Exchange (MCX) in India reflecting this sharp decline. This dip is primarily attributed to mounting apprehensions regarding persistent US inflation, which is fueling expectations of potentially higher US interest rates. The prospect of the Federal Reserve maintaining a hawkish stance to curb price increases has created significant headwinds for non-yielding assets like precious metals.


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