SAN FRANCISCO (MarketWatch) — Gold futures settled at a seven-week high Tuesday as a jump in violence and protests in petroleum exporter Libya spurred safe-haven buying. Silver notched a fresh 31-year high, while metals more closely tied to industrial uses, such as copper and palladium, tracked the stock market lower and finished at multiweek lows [...]
Gold and silver prices were giving back some of their gains Wednesday, a day after technical trading drove the metals up through key resistance areas, after Federal Reserve Chairman Ben Bernanke told the House Budget Committee that he expects swifter economic growth in 2011. George Gero, senior vice president at RBC Capital Markets, said that [...]
Gold held close to the previous session’s near three-week high on Wednesday, supported by an increased focus on inflation after China’s second interest rate hike in six weeks and residual interest in the metal as a haven. Spot gold was bid at $1,362.70 an ounce at 15:33 SA time, against $1,363.59 late in New York [...]
SAN FRANCISCO (MarketWatch) — Gold futures rose to a nearly three-week high on Tuesday, extending gains after China’s central bank raised interest rates to cool inflation pressures, while other metals followed suit. Gold for April delivery rose $19.20, or 1.4%, to $1,367.50 an ounce on the Comex division of the New York Mercantile Exchange. A close [...]
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