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Commodities Brief: Precious metals hold previous lows as consolidation continues
Friday, April 19, 2013 2:06
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FXstreet.com (Barcelona) – The precious metals markets again traded in wide ranges, but finished well off the lows set early in the Asia session. There wasn’t a specific macro catalyst for the rebounds, as the majority of major currency rates remained quiet throughout much of the day. After briefly trading down to 1335, Gold managed to find solid support at previous lows and edged higher the rest of the day to close up 1% at 1390. Silver also managed to fight off early selling, at one point trading all the way down to 22.43 before clawing its way back to finish a shade lower 23.24.
