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Silver Settled Flat On Safe-Haven Appeal Amid Geopolitical Tensions.

Silver prices closed marginally higher by 0.07% at 75226, driven by a weakened dollar and increased safe-haven demand amidst escalating geopolitical tensions. Despite slightly higher-than-expected consumer inflation, hopes for a Federal Reserve interest rate cut in June persisted, influencing market sentiment. In the US, initial jobless claims fell to 209,000, below market expectations, indicating continued strength in the labour market. However, continuing jobless claims saw a slight uptick, signalling potential challenges despite overall positive trends.

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