Retail Precious Metals Demand Defies Summer Seasonals

After several brutal weeks of selling in precious metals markets, bulls are seeking a catalyst for a potential turning point. They may have gotten one via currency markets. On Thursday, the European Central Bank raised its benchmark interest rate for the first time in 11 years. The ECB's larger than expected 50 basis point rate hike came amid spiking inflation and a plummeting euro exchange rate.      
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