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Dollar Dips as WTI Surges While Gold and Silver Slump on Rate Hike Fears

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The Story

News Summary

  • The US dollar weakened following remarks from Treasury Secretary Bessent and a rallying Chinese yuan.
  • WTI crude climbed over 2%, lifting inflation expectations, while surging global bond yields pressured gold and silver lower.
  • Meanwhile, EUR/USD and the Japanese yen advanced amid shifting central bank rate hike probabilities.
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4303.00 -9.71% over the displayed period

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