Gold, silver sink as dollar tests yearly highs following hawkish Fed - Kitco PM Report

(Kitco NewsWire) - Spot gold prices are lower and spot silver prices are sharply weaker after the close Thursday, as the U.S. dollar tested yearly highs and traders continued to reprice the Federal Reserve’s higher-for-longer signal after Wednesday’s policy meeting. At the time of writing, spot gold was trading near $4,214.20 an ounce, down 1.00%, while spot silver was trading at $65.795, down 3.14% on the session.U.S. stocks closed higher Thursday, reversing part of Wednesday’s post-Fed decline