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Inflation and bond yields limit gold silver Bitcoin
Precious metals and Bitcoin experienced sharp declines today due to rising inflation pressures and increasing bond yields, alongside optimistic expectations of continued monetary tightening by the U.S. Federal Reserve and the European Central Bank. Gold prices dropped by 2.4% to $4,161.63 per ounce, silver fell by 2% to $64.01, and Bitcoin declined by 1.3% to $61,049. Meanwhile, real bond yields rose noticeably, exerting pressure on non-yielding assets.
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