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| ** Market Conditions Report ** | | |
After big rallies in early April, gold and silver have pulled back in recent days as they look for a new price floor.
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This morning, gold trades $2,300, and silver is trading around $26.50.
The markets are anxiously awaiting today's Fed post-meeting press conference, expected after 2 p.m. EDT.
While Chairman Powell is expected to announce no change to interest rates, market watchers wonder if recent inflation data will prompt the Fed to delay the rate cuts expected later this year.
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Meanwhile, retail gold and silver purchasers bought heavily on this week's price correction, seeing bargains.
Premiums on coins, bars, and rounds remain at multi-year lows. | | |
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