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Silver Struggles Near Two-Week Low as Dollar Strength and Rate Hike Fears Loom

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The Story

News Summary

  • Silver stabilized near $64 after hitting a two-week low as markets digested weak US labor data and rising September Fed rate hike odds.
  • A firm US dollar and diverging monetary policies continue to exert downward pressure on silver prices despite escalating Middle East geopolitical tensions.
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XAGUSD price history

65.19 -29.05% over the displayed period

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