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Gold edges up as Brent eases, Mideast developments in focus ahead of Fed meet
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Spot silver is up 2.04% intraday, quoted at $58.81 per ounce; COMEX silver futures main contract is last quoted at $59.13 per ounce, up 1.85% intraday.
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Silver price today: Silver rises, according to FXStreet data
Spot silver rose by 1.01% intraday to $58.21 per ounce; COMEX silver futures main contract last traded at $58.52 per ounce, up 0.80% intraday.
Silver Poised for Two Consecutive Declines, Middle East Situation and FOMC Become Key Factors
Spot silver has just broken through the $58.00/ounce level, now quoted at $58.01/ounce, up 0.66% on the day; the main COMEX silver futures contract is now quoted at $58.29/ounce, up 0.41% on the day.
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Oil Prices Surpass $100 and Rate Hike Pressures Intensify! Gold Fights to Defend the $4,000 Mark
As the escalating Middle East conflict intensifies upward pressure on energy prices and heightens expectations that the Federal Reserve will further tighten monetary policy to contain inflation, the price of gold has declined.
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Silver Price Forecast: XAG lower highs structure holds, bears eye $55
The Shanghai International Energy Exchange crude oil futures night session closed up 7.11%, at 604.00 yuan per barrel. The Shanghai Gold Exchange gold futures night session closed down 2.21%, and silver futures night session closed down 4.22%. Note: The wording in this statement has only been rephrased for clarity, while all key trading data and percentage changes are fully consistent with the original, and no core facts have been altered.
Reasons for the Decline in Gold and Silver Prices
PRECIOUS-Gold falls 2% as Middle East tensions fuel inflation fears, rate-hike bets
Brent crude oil futures for September delivery rose 6%, reaching the highest level since June 3.
Gold, silver drop as ECB pause, claims data lift yields - Kitco AM Report
NAGA says oil rises to USD 88.12 as geopolitical risk premium returns