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Gold Declines on Week While Silver, Platinum and Palladium Soar
Precious metals bounced Friday from their significant losses on Thursday, aside from palladium which sank for a second day but rallied overall on the week. Silver and platinum also jumped on the week. Gold, however, registered a weekly decline. Gold for June delivery on Friday rose $13.60, or 0.8%, to settle at $1,735.50 an ounce on the Comex division of the New York Mercantile Exchange. "The wider economic and health uncertainty are likely to keep gold prices underpinned … Prices are facing technical resistance around $1,765," Reuters quoted Standard Chartered Bank analyst Suki Cooper. Gold prices declined ... (full story)