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Sunday, May 29, 2011

Gold Ends Week at Best Price Since May 3, Silver Surges 7.9%

 

Fine Gold BarsU.S. precious metals rose Friday and posted sizable weekly gains. The metals were supported by a weaker U.S. dollar and ongoing concerns over euro-zone sovereign debt which prompted safe-haven buying.

In weekly gains, silver led the precious metals at 7.9 percent, followed by palladium at 3.6 percent, gold at 1.9 percent and platinum at 1.7 percent. The increases were markedly higher than last week, with the exception of palladium which had shot up 4.1 percent.
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