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Precious metals cash in on record run, stocks bask in year-end glow
There was a last-minute selloff in precious metals markets on Wednesday as investors cashed in some of the year's massive gains in gold, silver and platinum, while stocks quietly consolidated their best year since before the COVID pandemic. Most markets were on end-of-year autopilot after a roller coaster 12 months of geopolitics-related swings, extreme dollar weakness, bond market jitters and the ongoing frenzy around AI stocks. But it wasn't the case for all. Silver prices jerked back nearly 6% in London following their astonishing 150% surge this year. Gold, which has had its best year since the 1979 oil ... (full story)