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News: Silver rally outshines gold

  1. Gold futures settled higher for the second-consecutive day on Friday, paring the precious metal’s loss for the week as the dollar steadied following weaker than expected U.S. economic data.

    Gold for April delivery gained 0.5% to settle at US$1,227.10 an ounce on Comex. Prices based on the most-active contracts were down about 0.6% on the week.

    But where there was some real interest was silver, with the metal for March delivery jumping 3% to end at US$17.294 an ounce, for a weekly gain of around 3.6%.

    Platinum for April delivery added US$7 to US$1,207.50 an ounce and March palladium picked up US$20.80 to US$794.45 an ounce.

    High-grade copper for March delivery ended little changed at US$2.605 a pound.

     

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