Gold, based on early indications, appears compelled to extend its rally and end above $1200 an ounce on Friday. That would seal 8-days of straight increases — the longest string of gains since November. In the early going, Gold jumped as the dollar fell following weaker-than-expected U.S. jobs numbers. U.S. gold futures for December delivery rallied to $1212.80 an ounce, registering an increase of $13.50 as of 10:32 AM Eastern Time. Silver was $18.550 an ounce, surging 22.9 cents. Platinum was $8.80 higher to $1581.30 an ounce. Palladium was down $1.90 to $494.15 an ounce. Following immediately is the daily metals commentary, compliments of Jon Nadler, senior analyst at Kitco Metals, Inc.:... Read the rest of Gold Prices Jump Above $1200; Metals Commentary – August 6, 2010 (1,329 words) © 2010 CoinNews Media Group LLC 
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