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Gold prices snapped back on Wednesday, soaring by about $12/ounce and gaining slightly more ground in after-hours trading. There was nothing all that new about the move higher save for the fact that the Federal Reserve policy minutes came in very much on the dovish side, weakening the dollar and sending the precious metal sharply higher. One complex that made its mark today was palladium, as prices soared to 16-year highs (see our charts).
|Precious Metals Daily Report --- August 17 2017.pdf||422.16 KB|