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Market Impact: 0.28
Gold, silver rise as jobless claims temper PCE-driven Fed repricing
Source: kitco.com
Commodities & Raw MaterialsInflationMonetary PolicyInterest Rates & YieldsEconomic Data
Spot gold and silver rose in early U.S. trading after soft inflation data reduced expectations for an October Federal Reserve rate hike. The metals rally was limited by jobless-claims data and elevated Treasury yields, which maintained pressure on non-yielding assets.
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