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Silver falls 4% on US rate worries

Silver falls 4% on US rate worries

Silver prices fell by as much as 4.3% to $62.26 per ounce, amid growing fears of an interest rate hike in the US due to rising consumer prices caused by Iran's ongoing four-month conflict. This decline followed the dollar strengthening by over 1% since the previous Federal Reserve meeting, putting pressure on the non-yielding precious metal.

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