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Gold, silver see corrective price pullbacks at mid-week

From kitco.com

Gold and silver prices are lower in early U.S. trading Wednesday, on routine downside price corrections following solid gains posted on Monday and Tuesday. A strong rebound in the U.S. dollar index today is also a bearish outside market element for the precious metals markets. December gold was last down $10.90 at $1,719.40 and December silver was down $0.754 at $20.35. Gold prices downticked a bit more following the release of a slightly stronger-than-expected U.S. ADP jobs report, showing a gain of 208,000 in September. That compares to expectations for a rise of 200,000. Arguably the most important U.S. data point ... (full story)

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  • Category: Fundamental Analysis