The weakness in precious metals – as the dollar soared – after yesterday’s Fed minutes has extended this morning as Fed’s Lacker unleashes even greater hawkish-ness. Gold is back at 3-week lows, back below $1250 with its biggest drop in 3 months…
Double-whammy…Gold’s biggest one-day drop in 3 months on very heavy volume
Now back at 3-week lows…
And higher-beta Silver is sliding fast…
Pushing Gold/Silver back to one-month highs…
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