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Bonds rallied around the world with gold and silver on speculation central banks will act to limit the fallout from the U.K.’s vote to leave the European Union. Treasury yields fell to record lows along with sovereign rates from Spain to Japan as policy makers worldwide signaled their readiness to take steps to shore up the economy. Gold extended its fifth weekly advance and silver jumped to the highest since September 2014. European stocks rose for a fourth day as banks climbed. The yuan declined to the lowest since 2010 after a private gauge of China’s manufacturing industry unexpectedly fell.
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Bonds rallied around the world with gold and silver on speculation central banks will act to limit the fallout from the U.K.’s vote to leave the European Union. Treasury yields fell to record lows along with sovereign rates from Spain to Japan as policy makers worldwide signaled their readiness to take steps to shore up the economy. Gold extended its fifth weekly advance and silver jumped to the highest since September 2014. European stocks rose for a fourth day as banks climbed. The yuan declined to the lowest since 2010 after a private gauge of China’s manufacturing industry unexpectedly fell.
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