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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 03/Jan 07:28

Silver surges to $29.50 on increased safe-haven demand

Silver extends its gains for the third successive day, trading around $29.60 per troy ounce during the Asian hours on Friday. This sustained rally in XAGUSD is attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the prolonged Russia-Ukraine conflict. Axios referenced three sources, indicating that US President Joe Biden reportedly explored contingency plans to target Iran’s nuclear facilities if Tehran advanced significantly in developing a nuclear bomb before Donald Trump’s inauguration on January 20. These talks underscore the growing concerns over Iran’s nuclear aspirations during the transition between administrations. Reuters cited that Russia launched

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