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Silver looks better than Gold in 2024 according to LBMA survey

Although the Federal Reserve is expected to maintain interest rates at restrictive levels through most of 2024, geopolitical uncertainty will continue to support gold prices in the next 12 months, according to sentiment during the London Bullion Market Association 2023 Global Precious Metals Conference. According to the LBMA’s annual end-of-conference survey, conference participants said they expect…

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Gold Recovers From Deep Sell-Off

Gold markets have managed to partly pare back losses and reverse a deep selloff over the past couple of days after Friday’s surprise attack by Hamas on Israel, overcoming negative sentiment triggered by the Fed’s hawkish outlook of higher-for-longer interest rates as well as a brawny dollar. Gold prices have gained 2.3% since Friday to trade…

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