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“Gold and silver get hit by hawkish Fed boost to dollar – which has reached its highest level since July” – Business Insider #silver

TSI editor’s note: In an interesting article from Shalini Nagarajan of Business Insider, Nagarajan writes that there is some conflicting information coming from the Fed. According to Nagarajan, “Chicago Federal President Charles Evans said that interest rates could rise before the Fed’s inflation target is reached.” This is counter to what Fed Chair Jay Powell has been saying about keeping low interest rates for years to come. Nagarajan indicates that Evans statement “…triggered a fourth successive daily rally in the dollar,” which has been crushing commodities.

Continue reading at: https://markets.businessinsider.com/news/stocks/gold-silver-hit-by-hawkish-fed-boost-to-dollar-2020-9-1029614208#

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