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Silver Dips Toward $64 as Hawkish Fed Bets and Oil Surge Weigh

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The Story

News Summary

  • Silver remains under downward pressure near $64 an ounce as surging oil prices and sticky inflation bolster expectations for a Federal Reserve rate hike.
  • Markets price in an 86% probability of a 25 basis point increase on Wednesday, dampening demand for non-yielding precious metals.
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107.55 +67.71% over the displayed period

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