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Sunday, October 09, 2011

Gold and Silver Prices Rise on Week, Bullion Silver Eagles Top 35 Million

 

Fine Gold BarsU.S. gold and silver prices closed lower Friday but previous daily pick-ups combined to snap four-week losing streaks as gold advanced 0.8 percent and silver gained 3.0 percent.

Gold was pressured Friday, said analysts, as investors sold the yellow metal to meet margin calls. Gold prices declined $17.40, or 1.1 percent, to settle at $1,635.80 an ounce in the December futures contract on the Comex in New York. Prices ranged from an intraday low of $1,627.60 to a high of $1,668.00.
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