Gold and silver futures rallied Friday, but still managed to each post their
third weekly loss in the last four weeks. COMEX gold futures, per the December
2011 contract, surged $33.30, or 1.9%, to settle at $1,814.70 per ounce.
However, the yellow metal still closed the week in negative territory, by
$44.80, or 2.4%. Silver futures for December 2011 delivery on the COMEX jumped
$1.04, or 2.6%, to $40.54 per ounce on Friday, but finished the week lower by
$1.08, or 2.7%. Gold and silver equities advanced alongside precious metals on
Friday, with the Philadelphia Gold & Silver Index (XAU) rising 1.2% 217.74 this
afternoon.
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