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Gold Market Update

Gold for April delivery GCJ5, +0.87% settled down $3.50, or 0.3%, at $1,197.30 an ounce. The contract dropped to an intraday low as Yellen’s prepared remarks hit, but then recovered much of that slide. Still, gold suffered a third straight session of declines, and it finished under the closely watched level of $1,200.
In other metals trading, March silver SIH5, +1.90% lost 6 cents to settle at $16.19 an ounce.
Current Market Update
Tokyo (Nikkei Average NIK, +0.12% ) up 0.1%
Hong Kong (Hang Seng Index HSI, +0.43% ) up 0.4%
Shanghai (Shanghai Composite Index SHCOMP, +0.00% ) flat (at break)
Sydney (S&P/ASX 200 XJO, +0.33% ) up 0.5%
Seoul (Kospi SEU, +0.71% ) up 0.7%
Mumbai (Sensex 1, +0.72% ) up 0.6%
Taipei (Taiex Y9999, +0.51% ) up 0.5%
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