Gold
futures on Wednesday marked their lowest settlement in nearly six
years, as a rise in November U.S. private-sector employment and comments
from the Federal Reserve’s chairwoman supported the likelihood that the
central bank will agree to raise interest rates when it meets in two
weeks.
Gold
for February delivery on Comex fell $9.70, or 0.9%, to settle at
$1,053.80 an ounce. The settlement was the lowest since Feb. 5, 2010.
March silver also lost 7.4 cents, or 0.5%, to $14.009 an ounce.
In other metals trade, March copper fell 3.9 cents, or 1.9%, to $2.033 a pound.
January platinum lost $3, or 0.4%, to $832.40 an ounce, while March palladium shed $13.40, or 2.5%, to $525.80 an ounce.
Source: Marketwatch
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