Gold steadies off 4-month high as dollar firms

Feb 27 2014, 18:24 IST
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Spot gold was down 0.1 percent at $1,329.41 an ounce at 1003 GMT. Reuters Spot gold was down 0.1 percent at $1,329.41 an ounce at 1003 GMT. Reuters
SummarySpot gold was down 0.1 percent at $1,329.41 an ounce at 1003 GMT...

said in a note.

"The silver market had tried to overcome this level all of last week, and after a couple more failed attempts this week, the urge to secure profits took over and prices finally gave in to the downside."

Spot platinum underperformed, easing 0.2 percent to $1,423.25 an ounce, while spot palladium was up 0.1 percent at $729.50 an ounce.

The chief executive of major platinum producer Impala Platinum said talks between the world's top three platinum mining companies and South Africa's striking AMCU union will resume on Friday in a bid to end a five-week stoppage over wages.

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