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Euronews
Euronews
Quirino Mealha

Gold and silver surge in August as mounting US debt fears rattle markets

Precious metals have become one of the standout trades of the month, clawing back losses suffered earlier in the year, silver even more sharply than gold.

Gold touched an all-time high of $5,598 an ounce on 28 January, before a sharp pullback during the year dragged it down to around $3,942 by end of June, a decline of roughly 30% from its peak.

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