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Friday, 19 January 2018

Gold has recovered from its weekly minimum

Gold rose yesterday after it had reached its lowest value for nearly a week ago. The rise of the precious metal followed the drop of the dollar against other major currencies. Still, gold is headed to its first weekly decline in six weeks.
The spot price of gold added 0.1% to its value to a level of $1,328 per ounce. Earlier in the day, the metal reached the lowest value of $1,323.7 per ounce.
Gold futures with delivery in February declined by 0.8%, marking their worst performance since December 7, following the appreciation of the dollar at its three-year low.
For other precious metals, silver was traded at levels of $17.05 per ounce, while palladium lost 0.6 percent of its value to $1,108 an ounce.
Platinum added 0.3% to $1,000 per ounce.


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