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Precious metals markets witnessed their most brutal sell-off in more than a decade on Friday, with silver plunging more than 15% in the worst single-day carnage since 2011 and gold plunging more than 7% in its steepest decline since 2013. Profit-taking and a rising dollar on the expectations of an aggressive new Federal Reserve chairman […]
Gold posted a nine-week winning run after a sharp correction as the market revalued a rally that had pushed the metal into overbought territory. Bullion pared losses on Friday after a softer-than-expected US inflation report boosted bets on further monetary easing by the US Federal Reserve. Bond yields fell slowly as traders assess a high […]
