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Gold costs had been down this week as america greenback regained electricity. costs have been down 1.ninety seven percent for the week to $1,251 in keeping with ounce.
according to the Wall street journal, consequences of the modern Federal Reserve coverage assembly placed strain on gold, because the fed is now another time considering a rise in interest charges. Ira Epstein, a strategist with the Linn group, told the ebook that some traders are pulling again on formerly bullish bets.
Silver prices additionally fell for the week, dropping four.28 percent to trade at $sixteen.48 in step with ounce. As with gold, silver changed into pushed down by means of a stronger US dollar.
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