High Interest Rates Force Precious Metal Prices Lower

Via AG Metal Miner  October’s Global Precious Metals MMI (Monthly MetalMiner Index) traded sideways, falling slightly by 0.98%. The index held higher than other October MMI’s (a majority of which fell in price) due to high interest rates, recession fears, and slowing economic activity. Due to these the current economic climate, investors sought out precious metals for investment reasons more than in previous months. However, most precious metals, save for platinum, remain within a steady downward trend. New Lows Cleared for Gold…