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Investor sentiment towards PMs still fragile

The prices of precious metals (PMs) have continued to fall since mid-November. While expectations for a December rate hike by the Fed and a strong dollar have been among the biggest catalysts for changes in gold and silver prices, fears of a hard landing in China have kept platinum and palladium prices subdued. Overall sentiment towards PMs remains negative, with ETFs seeing liquidations and investors increasing their short bets in the futures markets.

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