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Gold and silver retreat

Gold and silver retreat

Gold and silver prices fell on Tuesday as investors awaited the U.S. congressional midterm elections. Spot gold dropped 0.86% to $3,912.43 an ounce, after rising more than 2% in the previous session. Silver fell 3.35% to $49.19 an ounce, while oil’s decline of more than 7% helped ease inflation concerns. Investors were also watching the elections’ impact on fiscal policy and market confidence.

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