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Gold prices benefiting from geopolitical uncertainty, silver prices see some profit taking
Thin holiday trading with North American markets closed for holidays is creating some volatility in the precious metals market, with gold prices benefiting and silver prices suffering. U.S. markets are closed in recognition of President’s Day, and major Canadian exchanges in Ontario are closed for Family Day. In the low liquidity environment, gold continues to recover from last week’s selloff after testing support at $2,000 an ounce. April gold futures last traded at $2,028.30 an ounce, up 0.20% on the day. At the same time, silver is seeing some significant selling pressure as prices were unable to hold critical ... (full story)