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Silver Slumps to $65.50 as Hot US Jobs Data Boosts Fed Rate Hike Odds

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The Story

News Summary

  • Silver dropped toward $65.50 per ounce following stronger-than-expected US nonfarm payrolls, which fueled expectations for an upcoming Federal Reserve interest rate hike and lifted Treasury yields.
  • Subdued holiday trading and looming CPI and PPI releases also keep upside capped.
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XAGUSD price history

65.19 -29.05% over the displayed period

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