Gold And Silver Inch Higher On Hopes That The Fed Will Slow Hikes

OilPrice.com | Oct 26, 2022 at 4:30 PM
  • Precious metals, including gold and silver, are rebounding amid growing expectations the Federal Reserve (the Fed) will ease its aggressive policy of hiking interest rates.
  • Gold is now up 2.23 percent for the week, and is currently trading at $1,672 per ounce.
  • With inflation easing, there is hope investors will reappraise the asset, however, any rallies will likely be contained by current economic conditions.