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Market Update: Silver Hits 9-Week Low
Silver hovered around $26 an ounce on Monday, having touched the lowest level since mid-April earlier in the session at $25.6. The white metal fell 7.5% in the previous week, the most since September 2020, after hawkish comments from the Federal Reserve prompted a rise in the dollar. US policymakers expect higher growth and inflation this year and see 2 rate hikes by the end of 2023. [/s2If]
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