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Precious Metals Mixed Ahead of Nonfarm Payrolls

October 1, 2015 at 23:42 by Vladimir Vyun

Precious metals were mixed during the Friday’s early trading session. Gold and silver were little changed, platinum edged up while palladium declined.

On Thursday, metals got boost from a couple of disappointing US economic reports that weakened the dollar. Expansion of the US manufacturing sector slowed in September while jobless claims increased last week.

Now, traders wait for nonfarm payrolls scheduled for release on Friday. Experts predict a healthy gain by 202,000 jobs. If that is the case, the metal market will likely demonstrate losses.

December futures for gold traded at $1,113.10 per troy ounce and for silver at $14.51 per ounce as of 23:38 GMT on COMEX today. Spot price for platinum advanced 0.1 percent to $905.88 per ounce. Palladium declined 0.13 percent to $675.75 per ounce.

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