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Precious metals rallied Friday, capping a third straight week of gains. A slumping dollar and expectations of quantitative easing from the Fed continued to drive gold to new records and silver to fresh 30-year highs. The yellow metal started October by reaching all-time high at $1,322.00 an ounce. Silver hit its best price since 1980 […]

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Precious metals rallied for a second straight week as gold reached an all-time record of $1,301.60 an ounce while silver hit a fresh 30-year high. The metals were lifted in large part this week as the U.S. dollar continued to show weakness after the Federal Reserve on Tuesday said inflation was lower than target levels […]

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Precious metals rallied this week as gold closed at a fresh record for a third time and silver reached a 30-year high. The yellow metal rose 2.5 percent this week, its sixth weekly increase in the past seven weeks. Silver nearly doubled gold’s percent gain, jumping 4.9 percent. Platinum led the metals, advancing 5.1 percent. […]

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Markets moved narrowly for the week as concerns over a slowdown competed with mildly upbeat economic reports that gently lifted risk appetite. Gold retreated for a third day on Friday. Prices dipped $4.60 for the week, breaking a string of five weekly increases. Other precious metals followed gold’s negative direction. Silver notably breached the $20 […]

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A better-than-expected U.S. unemployment report Friday was credited for lifting stocks but pressuring gold. However, gold steadied later after data showed growth in service industries weakened in August. Although the yellow metal declined slightly for the day, it still registered a fifth straight week of gains, rising 1.1 percent. Other precious metals moved higher both […]

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U.S. gold prices edged 20 cents higher on Friday, capping a string of four consecutive weekly gains. Gold continued to ride on the back of safe-haven buying driven by recovery concerns. But it was silver that shined the brightest, soaring 5.8 percent for the week and hitting a two-month high above $19 an ounce. Palladium […]

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U.S. gold prices retreated $6.60 Friday, but the decline failed to stop its third straight week of gains. Gold peaked Thursday to a seven-week high as sour economic reports clouded the U.S. recovery picture, lifting safe-haven buying. For a second consecutive week, however, silver, platinum and palladium each fell. Price drops include 0.7 percent for […]

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Safe-haven buying lifted U.S. gold prices to a six-week high on Thursday before a stronger dollar pressured the yellow metal to close 10 cents lower on Friday. Gold gained 0.9 percent this week after rising 1.8 percent last week. Other precious metals prices, however, fell this week — silver by 2.0 percent, platinum by 2.8 […]

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Weaker-than-expected U.S. employment data set the direction of markets on Friday. The numbers rattled the dollar early and lifted gold which moved above $1200 an ounce and higher for an eighth straight session — its longest rally since November. Silver tracked gold for the day and week, but platinum and palladium settled lower for both […]

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Gold settled higher for a third day on Friday, as bargain hunters stepped in on expectations prices would ultimately rise following a 5.0 percent loss in July — the biggest monthly decline since December. "People are trying to add to holdings of gold at a sale price," Zachary Oxman, managing director at TrendMax Futures, said […]

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