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Gold, Silver Climb, Inflation Data Cools Fed Rate Hike Ideas

Gold and silver surged higher following news that consumer inflation eased in June. The drop in consumer inflation splashed cold water on ideas of a Federal Reserve interest rate hike in July, which is a positive factor for precious metals. Steady to lower interest rates tend to be supportive to precious metals, which don’t pay...

The post Gold, Silver Climb, Inflation Data Cools Fed Rate Hike Ideas appeared first on Blanchard and Company.

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