Silver tumbles over 5.5% after hot CPI
Silver (XAG/USD) dropped more than 5.5% as stronger-than-expected US inflation data boosted expectations of further Federal Reserve rate hikes and lifted the US Dollar to a fresh YTD high. XAG/USD traded around $55.78, its lowest since July.
Original · FXStreet AI summary of public reporting
Why: Hotter-than-expected US CPI fuels Fed hike bets
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At publication → CurrentSILVER55.84 → 55.45−0.7%