The Zhitong Finance App learned that on Tuesday, the precious metals sector generally declined, with Jintian (GFI.US), Pan American Silver (PAAS.US), and Harmony Gold (HMY.US) falling more than 6%, while Coldallen Mining (CDE.US), Hecla Mining (HL.US), and Kinross Gold (KGC.US) fell more than 5%. According to the news, spot gold fell more than 2% to 4,100 US dollars; spot silver fell more than 3% and is now reported at $51.7.

Analyst Ira Jersey pointed out that today's overall CPI data was higher than expected, putting back on the table the possibility that the Fed would raise interest rates by 50 basis points in December proposed by Federal Reserve Governor Waller. Therefore, the rapid flattening of the bear market is not surprising. The yield curve will continue to flatten until the Federal Reserve stops raising interest rates. If it does raise interest rates by 50 basis points in December, it is very likely that the Federal Reserve will eventually raise interest rates again in March next year.

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