Gold and Silver Rally as USDX and Treasury Yields Decline
TL;DR Summary
Gold and silver prices surge due to a lower US dollar index and a dip in US Treasury yields. The market is focusing on next week's FOMC meeting of the Federal Reserve, with many market watchers thinking the US central bank will follow the Bank of Canada's recent moves. The Euro zone technically entered a recession in the first quarter, albeit just barely. The Turkish lira hit a new record low against the US dollar, prompting worries of a possible currency contagion.
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