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Gold Up, Silver Up. The Five Reasons Behind It Don’t All Agree.

Stacked gold and silver bars on a dark wood desk with a glowing upward price chart line trailing behind them, illustrating gold futures net long positioning and today's rally in gold and silver

Speculators are still adding to gold and silver, an Indian tariff quirk is quietly redirecting demand toward Dubai, and three desks cannot agree on September rate-hike odds. Even the exchange running the trades has its own read on why any of this holds into fall.

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