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Stress test results of the European banking system were revealed Friday. Markets took their queue, moving firmly as the data indicated major banks could weather the storm of a double-dip recession. U.S. stocks rallied as the news was coupled with better-than-expected corporate earnings. The major indexes added to weekly gains that ranged between 3.2 percent […]

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U.S. gold futures prices rose $3.80 Thursday, marking a third straight day of gains. The yellow metal moved in concert with rallying commodities, but stayed below $1,200 an ounce. Silver and palladium posted gains as well, rising 1.8 percent and 1.1 percent, respectively. Platinum, however, edged slightly lower. In other markets, crude oil prices soared […]

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U.S. gold futures rebounded Tuesday from an intraday low of $1,175.10 an ounce — a price not seen since May 21. The yellow metal popped up for a daily gain of $9.80, with the emergence of bargain-hunters cited as the major catalyst. Other metals rose as well, with silver adding 0.9 percent, platinum rising 0.3 […]

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A sharp drop in consumer sentiment and falling inflation helped take U.S. gold to its knees on Friday. The yellow metal was hit for its biggest one-day drop since July 1, accounting for nearly all of its 1.8 percent weekly loss. Other precious metals futures followed gold lower, erasing prior weekly gains. Silver fell 1.6 […]

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U.S. gold prices edged $1.30 higher Thursday as fresh economic worries and a weaker dollar helped spur the modest uptick. Other precious metals registered slight gains as well, with silver and palladium rising 0.4 percent and 0.3 percent, respectively. In both percent and dollars, platinum was the biggest winner with its $13.10, or 0.9 percent, […]

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U.S. gold prices advanced $14.80 and returned to above $1200 an ounce on Tuesday. Cited factors for the yellow metal’s near two-week high included a weaker dollar, higher oil prices and safe-haven buying due to Moody’s downgrade of Portugal’s debt rating. Precious metals climbed as a group. Silver gained 1.9 percent, platinum climbed 1.3 percent […]

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U.S. gold climbed Friday, rebounding to above $1,200 an ounce after trading below the psychological barrier for three straight days. Coming off its worst weekly performance in six, gold posted a modest gain of 0.2 percent this week. Crude oil rose for the first time in seven sessions Wednesday and never looked back –a three-day […]

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U.S. gold prices slid $2.80 lower on Thursday. Investors’ attraction toward more risk was commonly cited for its decline. Precious metals were mixed as a group. Silver and platinum both fell 0.7 percent while palladium inched 0.5 percent higher. In other markets, crude oil prices soared for a second session after falling the prior six, […]

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U.S. gold prices pulled back from their six-week low on Wednesday, advancing $3.80 as some bargain-hunters stepped forth to add their support. Other precious metals continued their climb which started on Tuesday. Silver rose 0.8 percent, platinum added 0.5 percent, and palladium gained 0.4 percent. In other markets, crude oil rose for the first time […]

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U.S. gold prices fell $12.60 to below $1,200 an ounce on Tuesday, marking its lowest level since late May. Other precious metals gained, however, with silver, platinum and palladium posting respective increases of 0.8 percent, 1.0 percent, and 3.2 percent. In other markets, crude oil ended down for a sixth straight session while U.S. stocks […]

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