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Commodities Briefing - Categorized | Bullion/Gold, Trends more

EU says yes to gold bullion collateral

Posted on 27 May 2011

Precious metal prices moved higher yesterday, with Comex gold for delivery in May moving up by 0.2%, or $3.40, to $1,526.60 per troy ounce. Silver was an even stronger performer, with the May Comex silver contract moving 4.2% higher to settle at $37.640 – a $1.519 gain.
The commodity sector was helped by a lackluster showing from the US dollar, which seems to have stalled following its gains in recent weeks……………………………………….Full Article: Source


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