Gold Slammed To 3-Week Lows Under $1250 After Lacker Ramps Up Hawkish Tone

The weakness in precious metals - as the dollar soared - after yesterday's Fed minutes has extended this morning as Fed's Lacker unleashes even greater hawkish-ness. Gold is back at 3-week lows, back below $1250 with its biggest drop in 3 months...

 

Double-whammy...Gold's biggest one-day drop in 3 months on very heavy volume

 

Now back at 3-week lows...

 

And higher-beta Silver is sliding fast...

 

Pushing Gold/Silver back to one-month highs...

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