US Stock Market News | Rate Cut Expectations Boost Metal Prices, Silvercorp Metals Rises Over 5%
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Silvercorp Met rose more than 5% in Wednesday's US stock market close. With the expectation of interest rate cuts heating up, bulk metal prices are expected to receive a boost. In Wednesday's US session, COMEX gold futures rose by 1.37% to $2365.4 per ounce; COMEX silver futures rose by 3.87% to $30.805 per ounce. LME metal futures closed higher across the board, with copper, aluminum, zinc, lead, nickel, tin, and cobalt futures all posting gains
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