Precious metals decline in electronic trading

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Gold futures for December delivery decreased in electronic trade by 0.1% or by $1.50 to $1,723.60 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal lost 3.55% during the last week at North American session. Silver also declined by 1.1% to $32.06 an ounce. However, despite price fall the trader's sentiment remains bullish as reported by BNP Paribas.