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Market Impact: 0.25
Metals bounce as Hormuz diplomacy cools crude, yields stay elevated
Source: kitco.com
Commodities & Raw MaterialsEnergy Markets & PricesInterest Rates & YieldsMonetary Policy
Spot gold firmed modestly and spot silver rose sharply in early U.S. trading Friday, but bullion remained on track for a weekly decline. Renewed U.S.-Iran truce hopes pushed oil prices lower, while elevated Treasury yields and expectations for further Federal Reserve rate hikes continued to pressure precious metals.
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