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Silver’s two-day string of soaring gains put the metal up 7.7 percent on the week and at a fresh 31-year high.

While weekly gains in gold were more modest at 2.1 percent, the yellow metal is on a five day winning streak and it closed Friday at its best level since January 3 […]

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As Friday’s trading sessions got underway, gold appeared set to complete its best weekly gain of the current year and silver orbited around the $32 level — a fresh 30-year peak-following yesterday’s fund feeding frenzy that added a dollar and a dime to its value, and, much, beyond-bullish sentiment, to the camp that refuses to see it for being a bubble in the making […]

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Fine Gold Bars

U.S. precious metals prices rose Thursday, with gold closing to its best level in five weeks and silver surging to a 31-year high.

April gold prices advanced $10, or 0.7 percent, to $1,385.10 an ounce on the Comex in New York — its best settlement price since January 13. Gold ranged between $1,374.60 and $1,385.00 an ounce […]

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Spot gold trading opened with a $5.60 per ounce gain this morning, and the precious metal was quoted at $1,381.20 on the bid side.

Silver added 11 cents to open at the $30.59 level on the bid side and it later touched and then backed off of the $31.00 round figure resistance point. For a fourth time now, silver is bumping up against major […]

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Fine Gold Bars

U.S. gold and other precious metals prices were nearly unchanged Wednesday.

April gold prices finished up $1, or 0.1 percent, to $1,375.10 an ounce on the Comex in New York. Gold ranged between $1,368.30 and $1,382.70 an ounce. The high came after Israel said two Iranian warships intended to move through […]

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Fine Gold Bars

U.S. gold prices reached a four-week high Tuesday as weakness in the U.S. dollar and heightened inflation concerns added to the yellow metal’s appeal.

April gold prices advanced $9.00, or 0.7 percent, to $1,374.10 an ounce on the Comex in New York — its best closing price since January 13. Gold ranged […]

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Bullion Bars

A smaller than anticipated (but still seventh-in-a-row) gain in US retail sales activity dragged the US dollar marginally lower on the trade-weighted index (down 0.09 at 78.56) this morning, and, that data, coupled with rising inflation news out of the UK and China motivated further speculative activity in gold.

The yellow metal has approached the $1,375- $1,385 resistance area; one from which […]

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Fine Gold Bars

U.S. gold prices rose slightly on Monday while other metals, silver and palladium specifically, soared.

April gold prices rose $4.70, or 0.3 percent, to $1,365.10 an ounce on the Comex in New York. Prices hit an intraday low of $1,354.40 an ounce and reached a high of $1,367.50 an ounce […]

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Following a retreat to the $1,355.00 area, gold prices picked up fresh hedge fund-sourced steam this morning and climbed to the upper $1,360’s with relative ease, despite that near three-week highs recorded in the values of the US dollar against the European common currency and despite the apparent ebbing of Egyptian turmoil levels.

Spec funds bid gold higher this morning, in part, perhaps, due to the euro’s woes (some see no real progress on the regional debt crisis following today’s summit of European finance ministers) but also on the back of Egypt-like ‘vibes’ coming from some distance from Cairo; Bahrain […]

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Fine Gold Bars

U.S. precious metals declined Friday as the U.S. dollar gained ground and after news that Egyptian President Hosni Mubarak resigned cut into safe-haven gold demand. However, the yellow metal still gained on the week, capping a string of three weekly increases.

April gold prices edged down $2.10, or 0.2 percent, to $1,360.40 an ounce on the Comex in New York […]

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