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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 30/Sep 10:30

Silver loses traction ahead of Powell speech

Silver is attracting some sellers to near $31.55 during the Asian session on Monday, with the improved risk sentiment in markets triggering some profit-taking in XAGUSD. Traders will keep an eye on Federal Reserve Chair Jerome Powell’s speech later on Monday. The upbeat mood could exert some selling pressure on the white metal as traders await the fresh catalysts. The Fed Chair’s speech might offer some hints about the US interest rate outlook for this year. The People’s Bank of China (PBoC) Governor Pan Gongsheng announced new stimulus measures to revive a flagging property sector and low domestic demand in

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