business ๐ฐ Gold and silver jump amid oil surge and dollar dip
Spot gold and silver prices rose on Monday due to a weaker US dollar and lower Federal Reserve hike expectations. This occurred even as a crude oil rally pushed Treasury yields and pressured stock markets. Spot gold was trading near $4,414.30 an ounce, while spot silver was at $65.650 on the session. The oil spike revived inflation fears, causing major North American and European equity markets to close lower. The next key catalyst for rates will be the Fedโs July meeting minutes on Wednesday. ๐