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Again mixed finish for bullions     Back
(09:33, 12 Sep 2018)

Bullion prices ended mixed again on Tuesday, 11 September 2018 at Comex. Gold shook off earlier weakness Tuesday to climb back above $1,200 an ounce and notch its first gain in three sessions as the dollar eased back from their best levels of the day. Silver fell.

December gold tacked on $2.40, or 0.2%, to settle at $1,202.20 an ounce following two sessions of losses in a row. It turned higher for the week, trading up about 0.2% from a week ago, but has lost about 9.8% year to date.

December silver fell 2.8 cents, or 0.2%, to $14.153 an ounce.

Market participants are focused on a mix of trade headlines and economic data, as the talks with Canada on the future of the North American Free Trade Agreement are in full swing. Reports also said the U.S. and European Union may be getting closer to a trade agreement after recent meetings.

With trade issues and the Federal Reserve's interest-rate picture in play, the ICE U.S. Dollar Index traded nearly unchanged at 95.178 as gold prices settled. The index traded off the days high of 95.353 and moved down 0.2% week to date.

U.S. data released Tuesday showed that the number of domestic job openings climbed to a record 6.94 million in July. Upbeat data tends to support the Fed's plans for further interest-rate increases this year.

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