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Commodities

Silver Prices Soar on US-Iran Talks, Fed Rate Hike Expectations

Guavy AI Editorial Team
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Silver
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Silver prices extended their gains for the second day in a row, trading around $58.70 per troy ounce during Asian hours on Tuesday.

The metal's price increase is attributed to non-yielding assets receiving support from geopolitical and economic monitoring.

Investors are closely tracking developments in US-Iran talks regarding the potential reopening of the Strait of Hormuz, as well as evaluating the broader outlook for US Federal Reserve monetary policy.

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