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Gold, silver bounce as USDX, Treasury yields decline today

U.S. stock indexes are higher at midday but still trending down on the daily charts. Risk aversion remains somewhat elevated in the general marketplace. China reported today its imports and exports fell more than the trade expected in August as the world’s second-largest economy continues to stall amid Covid lockdowns, a wobbly property market and …

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Fed’s Powell says bringing down inflation will cause pain to households and businesses

Fed will keep at task of lowering inflation ‘until the job is done,’ chairman says Federal Reserve Chairman Jerome Powell was confirmed to a second four-year term earlier this year with strong bipartisan vote in the Senate. DAVID PAUL MORRIS/BLOOMBERG Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat …

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