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9/3/2019, 3:32 PM (Source: TeleTrader)
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Silver rises to highest in nearly three years

Precious metals mostly jumped on Tuesday after the long weekend in the United States including Labor Day. Investors weren't convinced by another claim from President Donald Trump that trade talks in China are going "very well" and focused on his threat a deal "would get much tougher" if he wins the next election. Stocks dropped worldwide and the Treasury yield curve remained inverted slightly, between the two-year and ten-year maturities. Oil tumbled.

Silver spiked to $18.86 per ounce for the first time since November 10, 2016, while gold was threatening to top the level last seen in April 2013 after last week's record of more than six years.

The yellow metal rallied 0.55% to $1,537.77 for one troy ounce at 3:31 pm ET after today the spot price hit a record in euros. Silver gained 1.82% to $18.81 and platinum surged 1.84% to $947.88 per ounce. The latter's daily high, at $949.27, was the strongest point since April 18 of last year. Palladium diverged, losing 0.49% to $1,528.34.

Breaking the News / IT