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Commodities

Iran Tensions Lift Silver Price Amid Fed Rate Hike Fears

Guavy AI Editorial Team
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Oil Silver
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Silver prices have fallen to near $66.50 as the Federal Reserve signaled further rate hikes, pushing investors towards safer assets.

However, oil prices steadied after five days of losses, easing concerns over broader inflation and potentially boosting silver prices in the coming days.

Around the Strait of Hormuz, diplomatic efforts between the US and Iran may lead to a reduction in tensions and military pressure. Tehran indicated it could reopen the waterway within seven days if the US eases its blockade and lifts port restrictions.

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