skinny.

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Silver streak

Precious metals are shining, with silver surging to $80 an ounce and outpacing gold as investors hedge against uncertainty and potential Fed rate cuts. Markets now await the Fed’s meeting minutes for clues on policy shifts, even as leadership changes loom. Meanwhile, dealmakers stayed busy through the holidays - could next year break M&A records?

Today’s recommended read: Every mineral is critical in the new metals age by Andy Home

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Produced by Eliza Davis Beard and Ethan Plotkin

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The skinny

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