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Gold, silver posting sharp price declines, following equities
Gold and silver futures prices are trading sharply lower in early U.S. trading Friday. As has been the case in the recent past, the safe-haven metals bulls are confounded by their markets’ inability to perform on the upside at the same time the U.S. stock market is posting solid losses. The key outside markets are in a bearish daily posture for the metals markets today, as the U.S. dollar index is firmer and crude oil prices are solidly lower. February gold futures were last down $25.20 at $1,841.00 and March Comex silver was last down $0.664 at $25.19 an ounce. Gold and silver bulls do not want to see technically ... (full story)