Harry Milling, an analyst who covers precious metals for Morningstar , seconds the 5% figure.
From there it was shipped to Zurich, where the precious metals would be separated and refined.
Frequent traders are jumping into gold and other metals because they see it as a momentum play.
The higher crude oil prices Wednesday are a mildly bullish near-term factor for the precious metals.
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In February it was large 9.69% gains in metals sector funds, which led the chase.
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Read the latest news in gold and precious metals markets at Kitco News.
The higher crude oil prices Tuesday were a bullish near-term factor for the precious metals.
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Platinum group metals are also softer, although less dramatically so, on the New York Mercantile Exchange.
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Still, the prospects for a continuation of low rates are nevertheless friendly for precious metals.
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Globe Specialty Metals Inc shares are currently trading down about 1.4% on the day.
Click here for Delfeld's latest picks for playing metals and mining strength in Chartwell Advisor.
Traders and investors are looking for some fresh fundamental inputs to drive precious metals market prices.
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Precious metals have been driven up by fears of crumbling economic activity and creeping inflation.
The higher crude oil prices Thursday are also bullish near-term factor for the precious metals.
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The recent rebound in the greenback is a bearish underlying factor for the precious metals markets.
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The decline in commodity ETPs assets would have been worse if not for the precious-metals sector.
Three-month copper slumped 2.3% on the London Metal Exchange, leading the decline for base metals.
Could this be a turning point for the metals, or just a dead-cat bounce?
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What the Fed does next week could influence the direction of precious metals prices.
Precious Metals Portend Dollar Trouble by Addison Wiggin originally appeared in the Daily Reckoning.
It started off with classic rock and later on more extreme forms of metals were introduced.
Once the minerals are smelted or refined into metals they can no longer be traced.
Overall merchandise revenues slid 1% as agricultural products, metals, and waste and equipment shipments fell.
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By mid-day, however, both metals pulled back sharply, with silver, again, suffering the biggest losses.
Such growth must be underpinned by resources, of metals and other elements, and of energy.
The precious metals markets were under modest selling pressure prior to the FOMC statement.
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The losses on April 16 represent the low for the week for all the metals.
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Only in the platinum group metals, where speculators shed bullish positions, was the activity as expected.
FORBES: FOCUS: Mixed Speculative Activity Seen In CFTC Data Following Metals Price Break
In base metals, copper imports actually set a new record of 406, 937 metric tons.
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