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Gold and silver prices drop to seven-month lows amid stronger dollar and Fed rate hike fears

Market News
24 Jun 2026
Forbes
View Source
Bearish
pluang ai news

Gold and silver prices fell to their lowest levels in seven months, with gold dropping below $4,000 and silver near $58. This decline is driven by a stronger U.S. dollar and market expectations that the Federal Reserve may raise interest rates later this year. Both metals have fallen significantly over the past week, reversing gains made during a historic rally earlier in the year. Analysts warn that if interest rates rise, precious metal prices are likely to continue declining, despite ongoing geopolitical tensions such as the war in Iran.

More News (MU)

Leveraged single-stock ETFs amplify tech stock swings amid tight supply and strong demand.

Leveraged single-stock ETFs amplify tech stock swings amid tight supply and strong demand.

Leveraged single-stock ETFs tied to stocks with limited tradable shares, like SpaceX, are causing amplified price swings, especially near market close, impacting broader tech stocks such as NVIDIA and Micron. This structural market effect is due to f...

Market News
Neutral
4 hours ago
South Korea's Kospi drops 10% as AI chip stocks tumble; semiconductor suppliers outperform major tech spenders.

South Korea's Kospi drops 10% as AI chip stocks tumble; semiconductor suppliers outperform major tech spenders.

South Korea's Kospi index fell nearly 10% due to foreign investors selling semiconductor stocks, causing circuit breakers to trigger. Analysts suggest the AI investment hype is shifting from major tech spenders like Microsoft, whose stock is down des...

Market News
Bullish
4 hours ago
Micron shares drop 10.5% after huge gains, seen as a buying opportunity amid strong AI-driven demand.

Micron shares drop 10.5% after huge gains, seen as a buying opportunity amid strong AI-driven demand.

Micron Technology's stock fell 10.5% following a massive 713% gain over the past year, driven by strong fiscal results and AI-related memory demand. Despite the pullback, analysts see it as a tactical dip within an ongoing uptrend, supported by recor...

Analyst Insights
Bullish
5 hours ago
Micron stock soars over 760% in a year but faces a 30% downside risk, analysts recommend selling.

Micron stock soars over 760% in a year but faces a 30% downside risk, analysts recommend selling.

Micron Technology's stock has surged 763.64% over the past year, driven by strong demand in AI-related memory products. Despite impressive revenue growth and high gross margins, analysts warn the current stock price of $1,051.77 is overvalued compare...

Analyst Insights
Bearish
5 hours ago
Sharp semiconductor selloff seen as buying opportunity ahead of Micron earnings report

Sharp semiconductor selloff seen as buying opportunity ahead of Micron earnings report

Tom Lee of Fundstrat views the recent sharp drop in semiconductor stocks as a typical mid-cycle buying opportunity within a bull market. Historical data shows that semiconductor indexes often rebound strongly after one-day drops of 6% or more, with a...

Market News
Bullish
5 hours ago
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