Strong Dollar, High-Interest Rates Squeeze Precious Metals

September 18, 2023 11:03:49

Precious metal ETFs have struggled over the past week amid dips in platinum, silver and gold prices. Silver ETFs iShares Physical Silver ETC and the Wisdom Tree Physical Silver ETC went down by 5.940% and 5.945% respectively while gold prices dropped by 1.22%.

Several months of high-interest rates coupled with a strong dollar have suppressed upward mobility in the precious metals market in…

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