As the Federal Reserve ramps up its rhetoric on rate hikes, precious metals markets continue to consolidate.

Gold and silver showed some signs of basing out and readying to moving higher with a rally on Thursday. As of this Friday recording, gold prices come in at $1,951 an ounce – up 0.9% for the week. Silver, meanwhile, is putting in a slight weekly gain of 0.3% to trade at $24.97 per ounce.

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