March 16: Gold and Silver Fall Roughly 1% on the Week

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Snippet: 
Gold gained $5.20 to $1321.70 in London before it fell back to $1309.70 at about 11AM EST, but it then chopped back higher into the close and ended with a loss of just 0.22%. Silver waffled between $16.496 and 16.207 and ended with a loss of 0.37%.
Author(s): 
Chris Mullen

 
Friday, March 16th

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First published here: March 16: Gold and Silver Fall Roughly 1% on the Week

Market Report: Snoozing Into Spring

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Snippet: 
On Comex, silver remains in deeply oversold territory, while gold is broadly neutral. Silver appears to be following the base metals, which have been drifting lower, while the dollar continues its consolidation of earlier falls. Consequently, the gold/silver ratio is up at over 80, a level that historically has been too high to sustain, as the next chart shows.
Author(s): 
Alasdair Macleod

After barely changing the week before, gold is $5 lower this week from last Friday’s close, to $1320 in early European trade this morning, and silver was 5 cents lower at $16.47.

Gold and silver

Friday, March 16th

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First published here: Market Report: Snoozing Into Spring
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