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Sunday, March 25, 2012

Gold Logs Weekly Gain, Silver Falls, US Coin Sales Soften

 

Fine Gold BarsGold advanced nearly $20 Friday which placed it $6.60, or 0.4%, higher for the week. The metal had seemed poised for a weekly loss just one day earlier based on weak economic news out of China and Germany which contrasted against improved US data.

Commodities and precious metals in particular, were squeezed from two sides — global demand worries and trimmed expectations that the Fed would raise inflationary prospects with further monetary easing.
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