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Silver (XAGUSD) Tumbles Toward Two-Week Lows on Hawkish Rate Expectations

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The Story

News Summary

  • Silver prices dropped toward two-week lows as persistent inflationary pressure and strong US labor data bolster expectations for extended high interest rates.
  • Rising oil prices and a hawkish central bank outlook further dampen investor appetite for non-yielding precious metals.
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XAGUSD price history

63.81 -27.56% over the displayed period

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