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Gold Declines as Palladium Retreats From a Record Settlement
Friday, 14 December 2018 02:55 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures ended lower Thursday, with overall strength in the dollar helping the metal build on its losses for the week, while palladium eased back from the record settlement it scored in the previous session.

Gold for February delivery lost $2.60, or 0.2%, to settle at $1,247.40 an ounce, giving back nearly all of the $2.80 gain it saw a day earlier. Week to date, it has lost 0.4%. March silver settled at $14.855 an ounce, up just under half a cent for the session.

March palladium meanwhile, fell $3.80, or 0.3%, to finish at $1,190.70 an ounce. The contract touched a high of $1,199, according to FactSet, a day after settling at a record $1,194.50 an ounce. Sister metal January platinum lost $9.60, or 1.2%, to $797.50 an ounce after climbing by 2.8% Wednesday.

Source : Marketwatch

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