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7/5, 6:05 PM (Source: TeleTrader)
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Precious metals still at losses, gold down by 2%

The prices of precious metals continued to decrease on Tuesday, with gold extending its losses beyond 2% and silver reaching a drop of 4%.

The fall followed the sharp declines observed by oil, stock markets, and the euro, which reflected concerns about the future of the global economy, which is heavily influenced by Russia's military operation in Ukraine.

Gold fell by 2.18% at 12:03 pm ET to sell for $1,768.57 per ounce. At the same time, silver sank by 4.01% to go for $19.18 per ounce. Platinum declined by 2.44% at 12:04 pm ET, selling for $869.45 per ounce. A minute later, palladium fell by 1.06% to go for $1,921.10 per ounce.

Baha Breaking News (BBN) / JR