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NEW YORK SPOT METAL PRICES

October 11, 2023

Gold and silver are trading at 2-week highs as bond yields continue to retreat and geopolitical uncertainty rises as the Israel-Hamas war intensifies. PPI data released today came in higher than expected, driven mostly by energy and food prices. Today’s Fed minutes from their September meeting helped stocks rally as the committee appears cautious about not over-tightening in the coming months—suggesting an additional interest rate hike is becoming less likely this year.