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Sunday, June 03, 2012

Gold, Silver Rally for Weekly Gain, US Bullion Coin Sales Ignite in May 

Gold soared on Friday and consequently for the week as the release of dismal U.S. jobs data fuelled expectations of further monetary stimulus from the Federal Reserve.

Gold prices rallied 3.4% higher than last Friday due to the near $58 jump-start for June. Weekly advances in other precious metals were 0.4% for silver, 0.5% for platinum and 4.1% for palladium.


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