#GoldFallsOver1.7%SilverDropsOver2%
A mix of hawkish Fed signals + stronger US dollar + easing geopolitical premium is hitting precious metals right now.
Gold and silver are under pressure as higher for longer US rate expectations boost the dollar, reducing the appeal of non-yielding metals. If the Fed stays hawkish, precious metals may remain weak in the short term.
Below lines are compared with $BTC .
XAUTUSDT
Perp
4,109.22
-1.51%
PAXGUSDT
Perp
4,115.77
-1.55%
BTCUSDT
Perp
62,374.1
-3.02%
