Gold Falls to One-Year Low as Silver Dips Below $50 on Inflation Worries
Gold and silver prices have dropped to their lowest levels in a year, as rising energy costs and persistent inflation weigh on markets. Investor confidence in precious metals has waned amid concerns that the US Federal Reserve will keep interest rates high. Weak demand from major Asian markets has further curbed gold sales. Platinum and palladium have also declined alongside the broader downturn in precious metals.
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