Precious Metal Reports

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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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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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 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 rose modestly Friday after double-dip recession worries pulled prices down in the previous session to a five-week low for the biggest one-day loss since February 4. Gold gained $1 before the holiday weekend, but registered its worst week in six and its second straight weekly decline. Global economic concerns also pummeled other metals, […]

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