- The gold market continues to struggle as it faces a wave of selling pressure and better-than-expected labor market data. - Gold and silver prices are lower in early U.S. trading Thursday, on more profit-taking pressure from the shorter-term futures traders as well as weak-handed longs being forced to liquidate their recently established positions that are now under water.
monetary policy has become a secondary factor in the gold market, persistent inflation could create some further selling pressure as it could force the Federal Reserve to raise interest rates again, according to the minutes from the Apri/May Federal Open Market Committee meeting.Cryptos experienced a slight pullback in trading on Wednesday and stocks trended lower after the minutes from the latest FOMC showed Fed officials remain hawkish.
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