Tuesday, April 15, 2008

Gold, silver fall on more liquidation

NEW YORK: Gold prices fell sharply Thursday mainly on liquidation, profit taking and from a higher US dollar and stronger equities.

June gold fell $US5.70 to settle at $US931.80 a troy ounce on the Comex division of the New York Mercantile Exchange.

In other metals trading, May silver fell US15.7 cents to $US18.043 an ounce, July platinum gained US40c to $US2045 an ounce and June palladium rose $US5.55 to $US468.75 an ounce.

May copper declined US7.6c to settle at $US3.9240 a pound on profit taking.

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