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Gold prices stabilized today as they are on track to incur a loss for the second year in a row, as the Federal Reserve's hike in interest rates severely weakened the attractiveness of non-yielding bullion.
Reuters reported that gold rose in the spot market 0.2 percent to 1818.19 dollars an ounce, and US gold futures fell 0.1 percent to 1824.30 dollars.
As for other precious metals, the price of silver in the spot market rose 0.5 percent to 23.99 dollars, platinum increased 0.9 percent to 1063.63 dollars, while palladium fell 0.4 percent to 1807.53 dollars.
Silver and platinum are heading for an annual rise, while palladium is heading for an annual loss of more than 4 percent.
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