Precious Metals Lead Market Gains; Cryptos and Currencies Modest

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Silver led market gains on Wednesday, rising ▲ 0.88% to 65.46 USD per ounce, while gold posted a solid advance of ▲ 0.71% to 4400.90 USD. The precious metals momentum underscored continued demand in the sector.

Precious Metals

Gold traded between 4400.90 and 4445.50 USD during the session, settling near the session lows. Silver's range was tighter, fluctuating between 65.13 and 66.49 USD as it climbed steadily through the day.

Cryptocurrencies and Major Pairs

Bitcoin edged higher by ▲ 0.10%, closing at 63596.00 USD after trading a range of 63335 to 64197 USD. Ethereum showed slightly more momentum, gaining ▲ 0.28% to 1885.44 USD, moving within a 1872.10 to 1914.88 USD band.

In currency markets, the British pound weakened against the dollar by ▲ 0.32% to 0.7406 GBP, while the euro dipped a marginal 0.02% to 0.8671 EUR. Middle Eastern currency pegs held steady: USD/QAR remained at 3.6400 QAR, USD/SAR at 3.7500 SAR, and USD/AED at 3.6725 AED.