BusinessGold and Silver ETFs Fall Over 4% Amid Inflation and Rate Hike Fears
Gold and silver ETFs dropped over 4% on September 28 due to heavy selling pressure linked to rising crude oil prices and inflation concerns. This raised expectations of further US Federal Reserve interest-rate hikes. Silver ETFs fell more sharply, with SBI Silver ETF down 3.99%. Gold ETFs also declined, with ICICI Prudential Gold ETF falling 2.92%. The fall mirrored a global drop in bullion prices, with spot gold down 2.1%.
Mint Markets·4h ago



