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Not just gold: silver on the rise in today’s trading
The white metal is up in today’s trading, changing hands at $53.41 per ounce. The increase recorded is 0.12% compared to yesterday, when it had settled at a high of $53.35 per ounce.
[Source: Finanza online]
Falling dollar, gold rises on new Fed rate cut in December
Gold is back in the spotlight in the markets, driven by the weakness of the dollar and growing expectations of a further interest rate cut by the U.S. Federal Reserve. The ultimate safe-haven asset is up 0.7%, climbing above the $4,100-per-ounce threshold.
Gold consolidates above $4,060
The recovery of the yellow metal continues in today’s trading sessions, with the price consolidating above $4,060 per ounce. The next resistance level for the bullish market is set at $4,175, while the bearish market is aiming for a drop below the key support level of $3,960.
[Source: Market Screener]
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