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Gold Prices Climb 0.5%; Palladium Posts New Record
Precious metals moved higher Thursday, logging gains ranging from 0.5% for gold to 1.2% for palladium. Palladium’s advance lifted the metal to a new record. Gold for April delivery rose $7.20 to settle at $1,578.80 an ounce on the Comex division of the New York Mercantile Exchange. "Gold will continue to rise until the market is sure as to what extent the virus has damaged," Reuters quoted Bob Haberkorn, senior market strategist at RJO Futures. "We got conflicting news overnight about the course that the epidemic is taking. We are not sure of how China is handling the situation." Gold futures ranged from a low of ... (full story)