Gold lower; silver slips from 11-month high

silver slips from 11-month high

LONDON: Silver slipped sharply from an 11-month peak on Thursday as a rebound in the dollar prompted traders to cash in earlier gains, while gold also fell from a five-week high.

Silver was down 0.2pc at $16.92 an ounce by 1410 GMT, off a peak of $17.70, its highest since May. Gold was up 0.7pc at $1,251.56, but was well down from an earlier high of $1,270.10.

Spot platinum was up 1.1pc at $1,026.51 an ounce and spot palladium rose 2pc to $605.47.

As gold and silver rallied in the wake of Draghi’s comments, palladium touched its highest since early November at $615.85 an ounce, while platinum hit a 10-month high of $1,043.72.

Source: http://www.dawn.com/news/1253578/gold-lower-silver-slips-from-11-month-high

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