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Gold Prices Shed 0.9% in May; Silver Logs 6.5% Monthly Loss

From coinnews.net

Prices for precious metals split on the final trading day in May, with gold and silver gaining and platinum and palladium declining. Gold marked its best price in two weeks, although it still ended the month lower, along with the other metals. Gold for August delivery rose by $5, or 0.3%, to settle at $1,982.10 an ounce on the Comex division of the New York Mercantile Exchange. The settlement was the highest since May 17. Gold and silver prices were "boosted by some safe-haven buying just ahead of U.S. lawmakers voting to extend the U.S. government’s debt limit. While the majority of the marketplace expects the debt ... (full story)

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  • Category: Fundamental Analysis