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Yahoo! Finance: SI=F News
Gold prices reversed course to slide 1% on Friday, and palladium also slipped, as Russia’s invasion of Ukraine triggered sharp swings in the precious metals market. “We think the price drop is premature, there is a risk of further escalation in the conflict and it could be just a temporary correction,” said Commerzbank analyst Daniel Briesemann. Some market participants believe the sanctions imposed by the West on Russia are not tough enough, Briesemann added.
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