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Gold Slips Slightly as Silver Reaches Eight-Week Low
Precious metals declined on Tuesday, led by a nearly 3.1% drop in palladium. Gold fell the least, percentage-wise, down by about 0.1%. Meanwhile, silver gave back 1% and ended at an eight-week low. Gold for June delivery lost $2.70 to settle at $1,974.50 an ounce on the Comex division of the New York Mercantile Exchange. Gold futures traded between $1,955.80 and $1977.10, after dipping 0.2% on Monday. Elsewhere, silver for July delivery fell 23.7 cents to close at $23.624 an ounce. The settlement was the lowest since March 29. Silver futures ranged from $23.23 and $24.81, after declining 0.8% on Monday. "An ... (full story)