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Gold, Palladium Slide as US Data Boosts Dollar

Investing News Network
Jun. 17, 2011 09:04AM PST
Precious Metals Investing

Reuters Africa reports gold and palladium added to the day’s losses on Thursday after U.S. data showed an unexpectedly large rise in home construction.

Reuters Africa reports gold and palladium added to the day’s losses on Thursday after U.S. data showed an unexpectedly large rise in home construction.

The market news is quoted as saying,

The dollar added to the day’s gains after the data, which dented gold and palladium, which slid by more than 2.5 percent to hit a session low of $750.05 an ounce.

For the complete market news, click here.

market-news
The Conversation (2)
Robert gill
Robert gill
25 Apr, 2014
Japan did not sell off its uranium stockpiles. They have years worth of future supply on hand and will not be buying. And since this article was written, the uranium spot price has actually dropped to its lowest level since 2007. So just another article from a broker who hopes you will buy his recommended stocks so he can sell them to you and get out.
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Robert gill
Robert gill
25 Apr, 2014
Japan did not sell off its uranium stockpiles. They have years worth of future supply on hand and will not be buying. And since this article was written, the uranium spot price has actually dropped to its lowest level since 2007. So just another article from a broker who hopes you will buy his recommended stocks so he can sell them to you and get out.
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