Commodities & Precious Metals Weekly Report: Jan 19
Spot gold prices moved lower last week, affected by diminished expectations of Fed rate cuts this year. A better-than-expected retails sales report, lower-than-expected initial jobless claims and hawkish Fed officials’ comments throughout the week, worked to pressure prices lower. Prices partially recovered Thursday and Friday, spurred by safe-haven buying related to Red Sea/Houthi events. Silver prices underperformed gold prices while platinum prices, also lower, outperformed gold prices.
22 Jan, 2024 | GraniteShares
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