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Silver climbs while gold and USD stay steady
The article highlighted the stability of gold and silver prices worldwide, with their prices rising due to the continued increase in interest rates in the United States following the Federal Reserve's decision to raise them to a range of 3.75% to 4%. This move diminishes the attractiveness of gold, which does not generate yield. Gold prices reached approximately $4,340 per ounce, while silver jumped to $67.37 for the first time in a while. Meanwhile, the dollar remained near its highest level in two months at 100.56 points, supported by expectations of continued interest rate hikes. Oil prices also tend to decline as Saudi supply expectations improve, although markets continue to gauge the impact of interest rates on inflation and global growth.
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