Gold May Drop to $3,900, Silver to $50 Amid Fed Tightening: Sucden
Sucden Financial forecasts gold prices could fall to $3,900 and silver to $50 due to Federal Reserve tightening policies pressuring precious metals. Recent market movements include gold rising on lower oil prices easing inflation fears before the Fed meeting, silver remaining under pressure, and gold slipping after the Fed held rates with focus on PCE inflation data. USD strength is influenced by Fed rate hike bets and Middle East tensions.
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