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DG365FD46564GFH654FU898 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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