World Economy
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Metals Drop

Metals DropMetals Drop

Gold futures posted their biggest move in two weeks to settle lower on Thursday as strength in the US dollar and upbeat economic data helped push prices down for the week, MarketWatch reported. June gold fell for a second session, shedding $21.80, or 1.81%, to settle at $1,226.50 an ounce, its biggest daily move since it fell 2% on March 23. For the week, the precious metal is down 1.4%. May silver was also down 15 cents, or 0.9%, to settle at $16.17 an ounce. May copper edged up 0.1% to settle at $2.17 a pound. July platinum fell $10.10, or 1%, to settle at $992.90 an ounce while June palladium added $18.40, or 3.4%, to settle at $560.90 an ounce.

 

Financialtribune.com