First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/04/22/stocks-and-metals-sink-on-less-dovish-fed-002517
Tough talk from the Fed roiled markets yesterday, with stocks as well as precious metals getting hit. As of this Friday recording, gold is off 2.1% for the week to trade at $1,939 an ounce. Silver shows a weekly loss of 5.8% to bring spot prices to $24.42 an ounce. Platinum prices are trending lower by nearly $70 or 6.7% since last Friday’s close to trade at $942. And finally, palladium is actually up by 1.2% this week to check in at $2,450 per ounce.
