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The advance in nominal yields and the possibility of real rates turning positive for the first time since 2020 spark a sell-off in precious metals, including silver and, to a lesser extent, gold ....
It was a hard sell for stocks to start the week and to end it, but next week brings the Fed and they may not have much flexibility with inflation as commodity prices continue to run. ....
Sentiment appears to be shifting around US equities as the Fed gets closer to lift-off. The Nasdaq 100 is already teetering on a trendline that held the lows throughout 2021 trade. ....