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Patrick Karim, a technical analyst at Technical Traders Ltd, said yields have been in a corrective mode but described the larger outlook as still bullish.
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Karim has previously highlighted that gold is struggling to outperform stock markets and may need more time to break out. He has also suggested that silver could take up to two more years to surpass its $95 monthly all-time highs. His recent comments on yields follow this cautious outlook on metals.