Silver Set for First Weekly Gain in Four
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Silver is poised for its first weekly gain in four weeks, trading above $78 per ounce, driven by rising geopolitical tensions and low trading volumes in Asia due to the Lunar New Year holidays. Tensions between the US and Iran have escalated, with President Trump warning of consequences if Iran does not agree on its nuclear program. Market participants are also awaiting key US economic data that may impact Federal Reserve policy, as recent FOMC minutes showed a divided outlook on interest rates depending on inflation levels.
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