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Gold, Silver Prices Down On Weak China Data, Firm U.S. Dollar

From kitco.com

Gold and silver prices are lower in early U.S. trading Thursday, pressured by some down beat economic data coming out of China and by a firmer U.S. dollar index today. The metals are also experiencing a corrective pullback after prices hit two-week highs on Wednesday. April gold futures were last down $12.20 an ounce at $1,297.00. May Comex silver was last down $0.226 at $15.23 an ounce. China’s industrial output fell to a 17-year low in February, at up just 0.43% from January. Year-on-year, the number was up 5.3%. This report is weighing on the gold and silver markets today. China’s economy is the major metals ... (full story)

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  • Category: Fundamental Analysis