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[MARKET UPDATE] Pressure seen in precious metals with spot gold down 0.5% and spot silver leads the retreat with losses of 2.5% to test USD 82/oz to the downside

The pressure on precious metals, particularly with gold down 0.5% and silver retreating by 2.5%, suggests a broader market impact likely driven by a stronger USD and shifting risk sentiment.

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[MARKET UPDATE] Pressure seen in precious metals with spot gold down 0.5% and spot silver leads the retreat with losses of 2.5% to test USD 82/oz to the downside

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PBoC is expected to set USD/CNY mid-point at 6.9153 (prev. 6.9438)

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This decline may indicate weakening demand for safe-haven assets amid improving economic outlooks, and if silver tests USD 82/oz, it could trigger further downside momentum in the sector.

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