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Tuesday, January 03, 2012

Gold Prices Rise 10.2% for 11th Annual Gain, Silver Falls 9.8% in 2011

 

Fine Gold BarsGold futures advanced nearly $26 Friday, rebounding from six straight session losses to close out a roller-coaster year with a gain of 10.2% — an 11th consecutive annual increase.

Other precious metals rallied as well, chipping away tiny slices from what turned out to be staggering yearly losses. Platinum and palladium were hit hardest in 2011, falling 21.0% and 18.3%, respectively. Silver was hammered 9.8% lower than its close last year. 
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