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NEW YORK SPOT METAL PRICES

October 4, 2023

Metals rebounded modestly on Wednesday as bond yields pulled back. The 10-year dipped below 4.8% and the 30-year dipped below 5% after reaching a 16-year high earlier in the week. Despite the pullback, metals are still trading near recent lows as the Fed continues to stress that higher rates will be here longer than many expect. Stocks rallied Wednesday to regain some of this week’s losses. The S&P rose 0.81% and the Nasdaq jumped 1.35%.