Sucden Financial Forecasts Gold Drop to $3,900 and Silver to $50 Amid Fed Tightening

Gold is currently holding support above the 4,000-dollar-per-ounce mark. Yet Sucden Financial analysts expect prices to decline by year-end. The firm links the pressure on precious metals to the Federal Reserve’s ongoing tightening measures. Silver is also projected to fall, potentially reaching 50 dollars per ounce amid these conditions.