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Apr 13 - 07:55 AM
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Silver - Miners Fall As Renewed US-Iran Tensions Reduce Interest Rate Cut Expectations
By Pranav Mathur — Apr 13 - 05:59 AM
• U.S.-listed shares of silver miners fall premarket, tracking a decline in prices of the metal [GOL/]
A** Spot silver down 2% at $74.36 per ounce, as renewed fears of a wider Middle East conflict spurred by failed U.S.-Iran talks boosted oil prices, fueled inflation concerns and reduced expectations of U.S. Federal Reserve rate cuts this year
• Hecla Mining drops 2%, Coeur Mining falls 2.6%
• Canadian miners Endeavour Silver and Silvercorp Metals fall 2.3% and 4.1%, respectively
• Abrdn Physical Silver Shares ETF and iShares
Silver Trust ETF each dip 2.6%
(Reporting by Pranav Mathur in Bengaluru)
Source:
London Stock Exchange Group | Thomson Reuters