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Gold & silver Updates for 24 April 2017

Gold & silver Updates for 24 April 2017

Gold trading range for the day is 29139-29587.Gold prices rose as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in US. There was potential for safe-haven buying of gold after France said security forces were fully mobilized for the weekend vote.SPDR gold trust holdings gained by 0.52% i.e. 4.44 tonnes to 858.69 tonnes from 854.25 tonnes. C

Silver trading range for the day is 40913-41663.Silver dropped as investors kept an eye on the upcoming French presidential vote that is seen as too close to call. Bullish expectations concerning Trumps tax reform plan, which is viewed as a pro-growth policy, had fuelled the recent post-election Trump rally.Holdings at ishares silver trust dropped by 0.29% i.e. 29.45 tonnes to 10119.87 tonnes from 10149.32 tonnes.

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