Precious Metals Fall, Gold Slips 1%; USD Stronger
Precious metals are gold slipped lower by 1.0% rebound in Asian trade as USD strengthened. Dollar-denominated commodities more expensive for holders of other currencies appear, when the greenback strengthened. EUR / USD is at 1.4086 vs 1.4147 late Friday in New York.
Traders said the outlook for this weekend remained cautious ahead of key central bank meetings, release of economic data and after a round of buying last week after the announcement of a plan to contain Europe's debt crisis. Spot gold fell $ 17 to $ 1,726.40 / oz, but off a session low of $ 1,725.80 / ounce, silver down 27 cents at $ 35.02/oz, platinum dropped $ 35 at 1.612 U.S. dollars / ounce, and palladium was at $ 655/oz, down $ 10 from the previous close.

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