Monday, 19 November 2018
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Gold lower, tracks toward weekly loss as dollar extends post-Fed advance
Friday, 9 November 2018 20:35 WIB | PRECIOUS METALS |GOLDEMAS

Precious metals prices dropped Friday and headed for a weekly loss, nicked by a firmer dollar that™s been bolstered by the Federal Reserve™s adherence to an interest rate-tightening cycle.

December gold eased $5.80, or 0.5%, at $1,219.40 an ounce, down over 1% for the week. December silver fell 11 cents, or 0.8%, to $14.305 an ounce, and has fallen nearly 3% for the week.

In other metals trade, January platinum fell 0.8% to $863.80 an ounce, while December palladium fell 1.3% to $1,101.10 an ounce. December copper declined by 1.3% at $2.699 a pound.

Marketwatch

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