Tag: Finance & Economics
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Silver Price Plummets 8%: Factors Behind Biggest One-Day Fall Since 2021
Silver markets witnessed a significant drop today, with the price tumbling by 8%, marking the most significant single-day fall since 2021. Today’s closing price sits at $48.11, a stark drop from previous figures that left market analysts and investors stunned. The question on everyone’s mind, however, is what triggered this sudden fall? There are a…
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Impact of Trump’s Reprieve on Auto Tariffs Revealed: Silver Price Corrects to $32.40
As a noteworthy update on the global silver market, the price of silver, represented by the XAG/USD Forex pair, has shown a correction to near $32.40, displaying an intriguing twist in the intricate tapestry of international trade and finance. This tectonic shift is significantly credited to the recent decision implemented by former U.S. President Donald…
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Gold surges following soft US inflation data but remains vulnerable to a weekly loss
In an unexpected turn of events, the gold market has seen a sudden surge after the announcement of soft US inflation data. Despite the rise, gold is still bracing for a loss this week. According to Reuters.com, gold prices climbed up, buoyed by a weaker dollar as sluggish US inflation data raised doubts about a…