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Selling pressure in gold, silver; Friday’s trade may be key
Gold prices are solidly lower and hit a three-week low today, while silver prices are strongly down. Both metals are experiencing extreme daily price volatility, which can be catastrophic for both the bulls and bears who are shorter-term futures traders, amid the major whipsaw price action. February gold was last down $52.90 at $4,333.20. March silver prices were down $6.85 at $71.09. This Friday, Jan. 2, could be the most important trading day yet for the mature bull-market runs in gold and silver. How the gold and silver markets’ prices close on Friday—nearer their weekly highs or nearer their weekly ... (full story)