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Metals advanced after President Donald Trump said that a new wave of US attacks on Iran would likely be short-lived, easing concerns about further escalation in the region
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Critical Metals remains on schedule to start producing rare earth elements from its Tanbreez project in Greenland in three years, according to CEO Tony Sage
Precious metals saw upward movement as spot gold climbed by nearly 1%, settling at $4,448.83 per troy ounce.
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“Precious metals, oil and commodities are rising despite the dollar’s rebound, even though they are priced in US dollars,” said Hong Hao, chief investment officer of Lotus Asset Management Ltd. “This demonstrates that these hard assets are the true hard currency during this extraordinary period,” he said(Bloomberg)
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