ING Cuts Gold and Silver Forecasts Amid Rising Yields and Stronger Dollar

ING has lowered its gold and silver price forecasts, pointing to the effects of a stronger U.S. dollar and higher bond yields. Gold slipped below $4,000 an ounce to a fresh yearly low, while silver fell under $60. Analyst Ewa Manthey highlighted that the market correction shows investors shifting focus to tighter financial conditions after the Fed meeting.