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Gold and silver fell last week as Fed rate hike boosted dollar

  • Gold and silver prices declined last week after the U.S. Federal Reserve raised rates.
  • The Fed’s rate hike strengthened the U.S. dollar and pressured dollar-priced metals.
  • Restored Gulf exports lowered oil prices and eased inflation concerns.

Gold and silver prices declined last week after the U.S. Federal Reserve raised interest rates, strengthening the U.S. dollar and putting pressure on metals priced in dollars. Easing oil prices following the restoration of Gulf exports softened inflation fears, providing support for precious metals.

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