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NEW YORK SPOT METAL PRICES

May 9th, 2024

Gold is up about 1.5% Thursday as the US dollar eased off recent highs and jobless claims came in higher than expected today, boosting hopes for Fed rate cuts sooner than recently expected. Silver is trading at a 2-week high, right around $28.25 as well. Stocks are poised for a daily win as strong earnings and week employment data are helping to boost equities. The Dow is up 320 points, on pace for a 7-day winning streak.