Gold, silver slump as Fed signals hit safe-haven demand
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Gold and silver prices have declined, with the decline attributed to signals from the federal reserve that may lead to rate hikes, which appears to be reducing demand for the metals as safe-haven assets. The value of gold and silver exchange-traded funds has also fallen. The metals have hit multi-week or even three-month lows, with some reports suggesting gold is on track for its worst quarter in 13 years.
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