TODAY'S MARKET INTELLIGENCE
Gold Falls Below $4,000, Silver Plunges as Hormuz Attack Boosts Oil Prices
English summary
In early US trading on Friday, spot gold fell below the $4,000/oz mark and silver hit its lowest level of the year. An attack on a merchant ship in the Strait of Hormuz pushed oil prices higher, while slowing US wage growth failed to alleviate inflation concerns, pressuring precious metals. The Fed held rates steady, with markets focusing on the probability of a December hike.
The English text is machine translated and may require verification against the Chinese version.
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