Yonhap Infomax NewsSpot gold and silver prices fell 1.41% and 2.32% respectively to $5,051 and $81 per ounce as surging oil prices fueled inflation concerns, weakening Federal Reserve rate cut expectations while the dollar index rose 0.61% to 99.565.
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Gold, Silver Prices Fall as Surging Oil Prices Stoke Inflation Concerns
Spot gold and silver prices fell 1.41% and 2.32% respectively to $5,051 and $81 per ounce as surging oil prices fueled inflation concerns, weakening Federal Reserve rate cut expectations while the dollar index rose 0.61% to 99.565.