Gold is beginning to take profits Will you join the party?
Silver, the sister commodity to gold, is also paring some of its massive gains. As silver futures fell to $26.515 an ounce. The white metal is also up 4% this week, bringing its 2022 high to more than 13%.
The European Central Bank is preparing to provide a policy update on Thursday. The institution is expected to postpone any quantitative tightening efforts to later in the year, despite the intensification of inflationary pressures. Bonds were mostly in the green on Wednesday, with the 10-year Treasury yield rising 0.035% to 1.906%. One-year yields fell 0.025% to 1.111%, while 30-year yields rose 0.02% to 2.263%.
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