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NEW YORK SPOT METAL PRICES

September 22, 2023

Gold rose modestly Friday to close virtually flat for the week, right around $1925. Silver rose too, ending the week up 2.1% after a volatile week where the metal swung about $1 between its high and low. Stocks continued their selloff Friday after the Fed signaled a longer-than-anticipated timeframe before rates begin to fall next year. The Dow closed 1.9% down for the week while the S&P 500 fell 2.9%. The Nasdaq, which has been hit hardest by changes in interest rate guidance, finished the week down 3.65%.