Hawkish Fed Spooks Precious Metal Traders

Via AG Metal Miner The Global Precious Metals MMI (Monthly Metals Index) traded sideways month-on-month. Overall, the index fell 2.75% as numerous components lost upward price momentum. All parts of the index moved sideways or fell slightly, except for Indian silver ingots and U.S. gold bullions. Though Fed’s hawkishness has managed to impact precious metal prices in the U.S, prices still maintain some long-term bullish sentiment thanks to high inflation. That said, inflation also appears to be slowing down. Gold…