Markets Move Wildly on Rate Hike, Recession Fears

10:52 AM

First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2022/04/29/markets-move-wildly-another-state-removes-taxes-on-gold-002521

The strange phenomenon of a rising Dollar Index continued to exert downside pressure on precious metals markets this week. Gold prices are down 1.2% since last Friday’s close to come in at $1,915 per ounce. Silver shows a weekly loss of 4.8% to trade at $23.25 an ounce. Platinum prices are up now by 1.0% thanks to a rally here today and come in at $940. And finally, palladium checks in at $2,339 per ounce after falling 3.6% for the week as of this Friday morning recording.

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