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Gold closed down for a second straight day Friday as the U.S. dollar strengthened. Gold for February delivery ended down $23.20, or 2.7%, at $837.40. However, gold finished the week up 2.1%. The dollar posted gains against most major currencies Thursday, gaining against the euro after the European Central Bank cut its deposit rate and lifted lending rates following the U.S. Federal Reserve's rate cuts earlier this week. Also adding downward pressures on gold were falling crude prices. January Crude fell more than 7% to as low as $33.44 a barrel. March Silver closed down $0.27, or 2.4%, at $10.85.
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| Gold | $859.30 | -6.90 | 01/06 10:12 p |
| Silver | $11.37 | -0.09 | 01/06 10:12 p |
| Platinum | $981.00 | +16.80 | 01/06 10:12 p |
| Palladium | $198.60 | -1.05 | 01/06 7:27 p |
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FideliTrade Incorporated is a full-service precious metals investment company.
Known as America's Premier Precious Metals Investment Resource, FideliTrade provides specialized bullion sales and support services to: individual investors; private banking, investment, trust and estate professionals; and banking and brokerage institutions. FideliTrade clients may buy and sell a wide variety of gold, silver, platinum and palladium bullion coins, bars and ingots. Delivery, safekeeping and custody services are available.
Contact us at (800) 223-1080.