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Silver Surges Above $66 as Dovish Fed Remarks Sink Dollar and Yields

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The Story

News Summary

  • Silver rebounded past $66 per ounce as the US dollar and Treasury yields weakened following dovish Fed remarks and softer ADP labor data.
  • Markets reduced expectations of a September interest rate hike to roughly 50%, providing support to precious metals.
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63.92 -27.44% over the displayed period

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