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Gold surges above $4,500, silver breaks $66 as Treasury buyback sinks yields - Kitco PM Report
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(Kitco NewsWire) - Spot gold and silver prices are sharply higher in late-afternoon U.S. trading Wednesday, as a Treasury-led bond-market rally pulled yields lower, weakened the U.S. dollar and helped precious metals cut through key resistance levels even after Fed minutes showed policymakers were more concerned about inflation.
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