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Wednesday, September 14, 2011

Gold Prices Remain Above Platinum, Silver Advances 2.4%

 

Fine Gold BarsU.S. gold prices rebounded 0.9 percent Tuesday, recovering a portion of their previous day losses. The yellow metal also closed higher than platinum for a fourth straight session. Gains in gold were attributed to bargain and safe-haven buying.

"The debt crisis of euro-zone peripherals remains the dominant issue," Daniel Briesemann, an analyst at Commerzbank AG in Frankfurt, said in a report cited on Bloomberg. "Gold should remain in demand as a safe haven."

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