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China Data Sees Copper Prices Firm, Gold Eases

From sharecafe.com.au

As risk eased in financial markets, gold and silver went backwards, but copper, iron ore and other metals picked up momentum. Comex gold futures rose on Friday, but the week with a small loss after getting a whacking on Thursday. June gold rose $US1.90, or 0.2%, to settle at $US1,295.20 an ounce, down about 40 cents over the weekend. Prices finished Thursday at $US1,293.30, the lowest finish since March 28, according to FactSet data. May Comex silver rose 9.6 cents, or 0.7%, to $US14.963 an ounce. It ended the week down 0.8%. Prices Thursday ended at their lowest year to date. May Comex copper added 2% at $US2.946 a ... (full story)

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  • Category: Fundamental Analysis