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Sunday, February 19, 2012

Gold Flat on Week, American Silver Eagles Crawl as Silver Retreats

 

Fine Gold BarsGold was nearly unchanged this week as prices climbed a modest 60 cents following a loss of $15.00 last week. Other precious metals retreated for the week. And with silver's 1.2% loss, investors were less keen on American Silver Eagles as its weekly sales were handily the worst of the year.

As for gold, it garnered little to no support from a U.S. Labor Department report on Friday which showed that U.S. inflation rose 0.2% in January — the largest increase since September.
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