Gold and silver under pressure from tougher financial conditions ▫ Despite the postponement of market expectations for the Federal Bank's interest rate hike, gold and silver continued their downward trend. ▫ Gold reached below 4000 dollars and silver below 50 dollars; A sign that easing interest rate expectations alone is not enough to support precious metals. ▫ The difference between market expectations and the Federal Reserve's point of view still remains; The subject that the point of the last meeting also confirms. ▫ In the meantime, the market reacts more than anything to the tightening of financial conditions; A factor that together with other pressures drove the drop in gold and silver prices. The link of this program is in the mechanism.