Amid the raging inflation worldwide and the hawkish central banks, gold and silver prices have struggled in 2022.
has dropped between 0.18% and 0.27% during the last 24 hours. Over the last 30 days, the price of gold slipped 6.531% lower against the U.S. dollar, and silver lost 2.34% against the greenback during the same time frame.The losses precious metals have been dealing with are occurring while global inflation has run rampant and the world economy faces turbulent markets. Furthermore, the U.S. Federal Reserve hiked the benchmark bank rate by 75 basis points last Wednesday, and the U.S.
Silver and Gold Daily Moving Averages Signal ‘Bearish’ Sentiment, Analyst Believes Gold Will ‘Rebound Next Year’ last Tuesday. “Gold holding around key support & GDX adding 1.75% yesterday on a flat gold price suggests that the metal is on the cusp of a major move higher.” Six days after Hajiyev’s tweet, gold has not seen a significant move higher.
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