US gold futures ended a tad lower on Wednesday, well off a record high set early in the session based on dollar weakness, as the market took a breather after a sharp rally that lifted prices to uncharted territory. December gold futures settle down 30 cents at $1,064.70 an ounce in choppy trade on the COMEX division of the New York Mercantile Exchange.
GOLD: Range from $1,056.50 to $1,072, beating the October 13 record of $1,069.70. Initial rise above $1,070 capped by profit taking. New buying difficult at such high levels after an exhausting rally - COMEX gold trader.
SILVER: December silver ends up 6.8 cents at $17.908. Market looks for firm direction after recent gains. Range $17.720 to $18.175, highest since August 2008. COMEX estimated final volume at 26,612 lots. Spot silver was at $17.86, versus its previous finish of $17.75 an ounce.
PLATINUM: January platinum finishes up $5.90 at $1,366.60 an ounce on industrial metals gains. Spot platinum was at $1,357.50, compared with its previous finish of $1,338.50.
PALLADIUM: December palladium closes up $1 at $330.80 an ounce, up with platinum. Spot palladium was at $326, compared with its previous session close at $325.50.
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