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Gold halted a three-day rally amid increased cautiousness ahead of the EU summit results. Encouraging manufacturing data from the US also sent the yellow metal lower.
Silver shed 1.29%, following mixed signals from the US economy. Weak global equities as well as a rebound in greenback added pressure on the white metal.
Platinum dropped despite renewed worries that strikes will continue at the South African mines. On Thursday, about 4,000 miners at Lonmin's Marikana did not come to work, disrupting operations at the plant.
Palladium tumbled despite positive signs from the US manufacturing sector. Strong US Dollar and weak car sales in Europe continued to pressurize the precious metal.