Gold and silver ETFs experienced a significant crash, losing up to 20%, before partially recovering by mid-trade. This sharp sell-off followed a steep correction in bullion prices from record highs, driven by profit-booking and unwinding of leveraged positions. Dollar strength and global cues also weighed on bullion prices.
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation