Gold records the first loss in 5 weeks with the rise of stocks and the dollar


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Spot gold fell 0.7 percent to $ 1282.16 an ounce late in the US session after hitting its lowest level since Jan. 9 at $ 1280.85.

US gold futures fell 0.8 percent to settle at $ 1282.60 an ounce.

Among other precious metals, palladium fell 1.4 percent to $ 1376.50 an ounce after hitting a session Thursday at an all-time high of $ 1434.50.

However, the metal, which is used in automotive exhaust purifiers, recorded its fourth straight week of gains.

Palladium is up more than 60 percent from its low level in mid-August after crossing gold for the first time in 16 years in early December.

Platinum fell 1.1 percent to $ 796.50 an ounce, while silver fell 1.2 percent to $ 15.36 an ounce after falling earlier in the session to its lowest level since January 2.

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Spot gold fell 0.7 percent to $ 1282.16 an ounce late in the US session after hitting its lowest level since Jan. 9 at $ 1280.85.

US gold futures fell 0.8 percent to settle at $ 1282.60 an ounce.

Among other precious metals, palladium fell 1.4 percent to $ 1376.50 an ounce after hitting a session Thursday at an all-time high of $ 1434.50.

However, the metal, which is used in automotive exhaust purifiers, recorded its fourth straight week of gains.

Palladium is up more than 60 percent from its low level in mid-August after crossing gold for the first time in 16 years in early December.

Platinum fell 1.1 percent to $ 796.50 an ounce, while silver fell 1.2 percent to $ 15.36 an ounce after falling earlier in the session to its lowest level since January 2.

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