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Gold records its biggest one-day gains in two months
09:42 - 04/05/2019
Information / Baghdad ..
Gold prices posted their biggest one-day gains in two months, away from a four-month low hit in the previous session, supported by a weaker dollar and purchases to cover some of the city's markets.
Spot gold rose 0.68 percent to end the session at $ 1278.94 an ounce, its biggest gain in percentage terms since March 8.
US gold futures rose 0.7 percent to settle at $ 1281.30 a troy ounce. Precious metal fell Thursday to $ 1265.85, its lowest level since late December.
Despite a strong job report in the US, the dollar index fell 0.3 percent as traders focused on weak aspects of the report.
Among other precious metals, spot silver surged 2.05 percent to $ 14.92 an ounce after plummeting to a four-month low of $ 14.52 in the previous session.
Platinum jumped 2.5 percent to $ 869.00 an ounce, but ended the week with a 3.4 percent loss in its biggest eight-week drop. Palladium rose 1.2 percent to $ 1371.00 an ounce.
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