Gold and silver prices opened sharply lower on MCX Friday, driven by rising energy prices fueling inflation concerns and expectations of prolonged high interest rates. Investors are closely watching U.S.-China trade talks, with gold and silver futures experiencing significant dips. Spot gold and silver also declined internationally, reflecting market pressure.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend