Precious metals fall, silver, platinum down over 1%

Thursday, 16. May 2019 16:52

Precious metals traded with losses on Thursday as stocks keep regaining momentum amid the easing global trade tensions. United States Treasury Secretary Steven Mnuchin said yesterday that the trade negotiations with China are still ongoing and that they will continue in Beijing. He did not specify, however, when he will be traveling to China for a new round of talks. Meanwhile, Beijing stated that it has no information on Washington's plans for the next visit.

Gold fell 0.70% to sell for $1,287.40 per ounce at 10:50 am ET. Silver was down 1.12% to go for $14.64 per ounce at the same time. Platinum decreased by 1.03% to $837.86 per ounce at 10:51 am ET, while palladium traded 0.31% in the red at $1,340.94 per ounce at 10:52 am ET.

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Breaking the News / SS