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Gold Silver Updates for 4 Nov 2016

Gold Silver Updates for 4 Nov 2016

Silver trading range for the day is 41957-44755.Silver prices ended with losses as investors locked in gains ahead of a key U.S. economic data at the end of the week. The number of Americans filing for unemployment benefits rose to near a three-month high last week. CME raises COMEX 5000 Silver futures maintenance margins by 10.5 percent to $5,800 per contract from $5,250 for Nov. and Dec. 2016.

Gold trading range for the day is 30004-30890.Gold dropped but prices recovered from lows in response to a lower dollar and also uncertainty about the outcome of a tight U.S. presidential race. The Fed kept rates unchanged, but said the economy had gained steam and job gains remained solid. SPDR gold trust holdings gained by 0.47% i.e. 4.43 tonnes to 949.69 tonnes from 945.26 tonnes.

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