New York gold futures edged down in mixed trade on Monday, whipsawing between selling pressure related to a financial market sell-off and technical buying. Gold for June delivery down $1.10 at $913.80 an ounce at 11:16 am EDT (1616 GMT) on the COMEX division of the New York Mercantile Exchange. A narrow range, from $908.80 to $918.40.
GOLD: Gold futures pressured by weakness from a broad-based pullback of financial markets, but technical buying should provide underlying support - traders. COMEX estimated 10 am volume at 36,083 lots. Spot gold traded at $913.65 an ounce, down 0.3 percent from its late Friday quote in New York. The London afternoon gold fix was $913.00 an ounce.
SILVER: COMEX July silver down 1.50 cents at $13.940 an ounce, tracking gold's weakness. Ranged from $13.680 to $14.035. COMEX estimated 10 am volume at 7,677 lots. Spot silver was at $13.91 an ounce, down 0.5 percent from its previous finish. The London silver fix at $13.900 an ounce.
PLATINUM NYMEX July platinum down $24.40, or 2.1 percent, at $1,122.70 an ounce as a weaker stock market dampened the outlook for autocatalyst demand. Spot platinum at $1,145.50 an ounce, down 2.7 percent from its late Friday quote.
PALLADIUM June palladium down $5.80, or 2.1 percent, at $236.50 an ounce on profit taking after last week's solid gains. Spot palladium was at $234.00 an ounce, down 2.1 percent from its previous finish.
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