Gold, silver prices fall as dollar rebounds, Fed hawks

Gold and silver prices went down on Friday, 31 July.

Gold fell a little, but it was still up for the month.

Silver fell more and was expected to finish the month lower.

The US dollar got stronger, which usually hurts gold and silver.

The Federal Reserve said it might raise interest rates to keep inflation from getting too high.

Oil prices stayed high because of tensions between the US and Iran, which also worries about inflation.