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Precious metals spike across the board with gold and palladium leading the way

Gold surged past the $1,210-an-ounce barrier on Tuesday (17th Jan) on Brexit woes and a weaker dollar, while palladium, which has seen a spectacular start to 2017, saw yet another session in positive territory.

At 5.40pm GMT, the Comex gold futures contract for February delivery was up 1.43% or $17.10 at $1,213.30 an ounce, while spot gold was 0.88% or $10.64 higher at $1,213.87 an ounce, as fears over the incoming Donald Trump administration being the most protectionist in US history sent investors seeking safe-haven assets.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.