Every sector of the ASX has lost ground as Australian shares tumbled in their worst collective daily loss since early September.
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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
Every sector of the ASX has lost ground as Australian shares tumbled in their worst collective daily loss since early September.
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