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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold and Silver Slump

Posted on 11 September 2013

Gold and silver fell as Syria’s support for a Russian proposal to hand over its chemical-weapons stockpiles to international control soothed fears of a potential military conflict. Gold for December delivery, the most actively traded contract, fell $22.70, or 1.6%, to settle at $1,364 a troy ounce on the Comex division of the New York Mercantile Exchange. This was gold’s lowest settlement since Aug. 15.
Silver fell 3% to $23.016 an ounce, its lowest settlement price in nearly three weeks. Syria accepted a Russian proposal to turn over its chemical weapons to international control, paving the way for avoiding a military confrontation between the Middle East nation and the U.S………………………………………..Full Article: Source


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