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Gold, silver sink as Warsh revives September Fed-hike trade - Kitco PM Report

Barchart·08/28/2026 16:26:07
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(Kitco NewsWire) - Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Friday, after Fed Chair Kevin Warsh used his Jackson Hole speech to reinforce the central bank’s inflation fight, lifting short-end yields, firming the U.S. dollar and forcing a heavy unwind in precious metals.