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Today’s economic effect on precious metals

Posted on 05 March 2009

From Dubaichronicle.com: The metals ended the New York trading day broadly lower and prompted by the need of traders to raise capital for the massive margin calls generated by yesterday’s steep stock market decline.

Silver ended the day at $12.72 off 36 cents.Gold was down $26.00 to $912.00. Palladium continued to trade in calm fashion losing $1.00 at $196.00. Platinum closed at $1029.00 down $38.00 per ounce.Trading volume was moderately heavy….. Full Article: Source


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