Gold down 2.5% over inflation fears – Breakingthenews.net

Gold down 2.5% over inflation fears  Breakingthenews.net

Losses spread across the precious-metals market in Friday trading, with the decline not limited to gold. Silver fell by more than 5%, a steeper percentage drop than the more-than-2.5% fall reported for gold. The source described the session as an extension of losses in precious metals, indicating that both metals were already under pressure before Friday’s additional declines. Persistent inflation in the United States was identified as the factor shaping market expectations during the sell-off. Those expectations centered on the prospect of further tightening by the Federal Reserve.

The account said persistent US inflation fueled that prospect, connecting inflation conditions to expectations for additional central-bank tightening. The reported market reaction included declines in both gold and silver, with silver’s percentage loss exceeding gold’s. Friday’s developments involved an extension of weakness across precious metals alongside expectations of further Federal Reserve action. Persistent US inflation continued to fuel expectations of further tightening, while the reported losses extended across precious metals and included declines of more than 5% in silver and more than 2.5% in gold on Friday.