Prices of precious metals declined on Wednesday, recording losses that ranged from 1.1% for platinum to 3.3% for silver. Gold for February delivery fell by $30.60, or 1.5%, to settle at $2,042.80 an ounce on the Comex division of the New York Mercantile Exchange. "Gold and silver prices are sharply lower near midday Wednesday, pressured
At the beginning of the new trading year on Tuesday, the prices of precious metals dropped, with the exception of gold, which experienced a slight increase. Gold for February delivery advanced by $1.60, or 0.08%, to settle at $2,073.40 an ounce on the Comex division of the New York Mercantile Exchange. "Some modest safe-haven demand
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Gold aside, the prices of precious metals declined on Wednesday, with silver extending its losses for the eighth consecutive session. Gold's gain was modest, marking its first increase in five sessions. However, in later electronic trading following the release of the FOMC's statement on monetary policy, both metals rallied. Gold for February delivery edged up