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Gold, Silver Hold Narrow Range

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Gold, Silver Hold Narrow Range

Gold and silver managed to hold a narrow range in overnight trading, with gold advancing slightly ahead of silver.

In early trading yesterday gold was off $2.89 to $1,656.21, within a few cents of where we were yesterday at this time. Silver was down $0.09 to $31.56, bringing the silver/gold ratio to 52.5, the highest since I’ve started tracking it on a daily basis.

When it comes to volatility, the precious metals markets have yet to settle down and track to fundamentals. The dollar weakened against a basket of other currencies, including the euro, and normally...

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