Gold Price Recovers
LONDON: Gold rose on Friday, recovering from its biggest daily loss in five months as stocks and the dollar retreated, but remained near multi-year lows after the Federal Reserve lifted US interest rates for the first time in nearly a decade.
It was up 0.8 percent at $1,059.80 an ounce at 1436 GMT, while US gold futures for February delivery were up $9.30 an ounce at $1,058.90, which could be higher if there was not a recent rise in interest rate.
Similarly, Silver was up 1.5 percent at $13.90 an ounce, while platinum was up 0.8 percent at $850.20 an ounce.
Conversely, Palladium shown 0.5 percent decline at $ 551.24 an ounce.
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