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Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the backdrop of strong economic data and the upcoming presidential election.
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News and Media
Futures for the Nasdaq 100 climbed during Thursday trading in Asia, paring declines for the underlying benchmark in the prior day, after robust earnings from Tesla Inc. provided support for tech stocks. Treasuries opened little changed in Asia after the 10-year yield rose four basis points on Wednesday to the highest level in almost three months.
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After the sharp run-up this year, with domestic prices touching the 1 lakh per kg mark, analysts believe investors could buy on dips over the next 1-3 months and allocate 3-5% of their portfolio to the white metal.
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News and Media
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