Gold is in a Downward Trend to the lowest in more than three weeks as a rallying dollar eroded interest in the precious metal as a haven investment. Silver has got a little bit more upside $14.63 an ounce, still the lowest since May 27.
The Dollar Index, advanced for a second day after Russia’s Finance Minister Alexei Kudrin and before him the Japanese Finance minister declared the nation has full confidence in the U.S.Dollar.Among other precious metals The Platinum slid 1 percent at $1,242.50 an ounce and Palladium was down 1.2 percent at $250.50 an ounce so far ..
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