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Commodities

Silver Prices Plummet as Peace Talks Stall

Guavy AI Editorial Team
Instruments
Oil Silver
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Silver prices slipped below $64.50 on Tuesday as investors grew cautious due to stalled peace negotiations between the US and Iran.

The failed talks pushed oil prices higher, which in turn weighed on precious metals, including Silver.

Cleveland Federal Reserve President Beth Hammack's comments that the current monetary policy 'is not hurting the economy' sparked hopes of a September rate hike, but investors await Wednesday's US Consumer Prices Index (CPI) reading for confirmation.

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