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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 24/Oct 14:54

Silver bounces back to $34 on safe-haven bid

The price of Silver (XAGUSD) rebounds strongly above $34.00 in Thursday’s European session after declining to near $33.40 on Wednesday. The white metal recovered as US bond yields tumbled after a sharp rally in the past few weeks. 10-year US bond yields plummet to 4.19%, down 1.28% at the time of writing. Lower yields on interest-bearing assets reduce the opportunity cost of holding an investment in non-yielding assets, such as silver. Meanwhile, the US Dollar has also faced a slight correction after a sharp rally. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, slides to

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