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Gold prices declined for a second consecutive week, hitting a one-month low despite a weaker-than-expected U.S. jobs report, as geopolitical tensions diminished and profit-taking ensued. The precious metal saw a notable sell-off on Friday, closing the week on a downturn even as labor market data fell short of expectations, suggesting potential easing from ...
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Silver has seen a significant rise in its value in 2024, with prices soaring from $22.55 USD/oz in February to a peak of $29.90 USD/oz on April 12th, reflecting a dynamic shift in market conditions and investor sentiment. The big problem that the silver market is facing currently is the (too) high number of speculators positioned on the long side. ...