Gold, silver turn to losses as Fed fears kick in

Prices of gold and silver erased previous gains and started trading with losses on Thursday as the investors seemingly grew worried about the effect that higher interest rates can have on assets such as the two metals, that yield no interest.

Sentiment among traders changed when it comes to risk assets including stocks, and cryptocurrencies, but also when it comes to United States Treasuries.

Silver dived 2.64% at 12:15 pm ET, selling for $22.39 per ounce, while gold declined by 0.31% at the same time, going for $1,875.74 per ounce. Platinum lost 1.99% a minute later to go for $976.18 per ounce, and palladium plunged 3.29% to $2,181.62 an ounce.

Baha Breaking News (BBN) / BU