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Flight Into Dollar Intensifies

It was a mixed week for precious metals, starting with a promising rally and a bear squeeze particularly noticeable in silver, before the dollar benefited from a renewed flight out of euros, yen and pounds. Additionally, the Chinese yuan had a torrid week. In this currency turmoil, gold lost $46 from last Friday’s close to trade at $1660 in European trade this morning. Silver was almost unchanged at $18.89.
Posted: 2022-09-22 10:33:01.000000

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