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Gold And Silver Updates For 10 April 2017

Gold And Silver Updates For 10 April 2017

Gold trading range for the day is 28443-29121.Gold prices gave up most of its gains as the dollar rose and safe haven demand ebbed.Prices strengthened earlier after U.S. launched cruise missiles at an airbase in Syria, sparking concerns of an escalation in the Syrian civil war.Gold reserves value fell to $73.74 billion at the end of March, from $74.376 billion at end-February, data published on the Peoples Bank of China website also showed.

Silver trading range for the day is 40342-42950.Silver dropped as the safe haven demand faded and the dollar index climbed to three-week highs.U.S. employers added the fewest number of workers in 10 months in March which is most attractive to investors in a low interest rate environment.The Bureau of Labor Statistics reported, Nonfarm payrolls grew by just 98,000 in March, well below expectations of 180,000.

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