BUZZ-Silver miners fall as renewed US-Iran tensions reduce interest rate cut expectations
Reuters04-13 17:58
BUZZ-Silver miners fall as renewed US-Iran tensions reduce interest rate cut expectations
** U.S.-listed shares of silver miners fall premarket, tracking a decline in prices of the metal GOL/
A** Spot silver XAG= 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
** Canadian miners Endeavour SilverEXK.N and Silvercorp Metals SVM.N fall 2.3% and 4.1%, respectively
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P each dip 2.6%
(Reporting by Pranav Mathur in Bengaluru)
((Pranav.Mathur@thomsonreuters.com;))
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