Gold, Silver Shares Bounce Despite Further Weakness in Precious Metals

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DG365FD46564GFH654FU898 In what marked one of the few encouraging signs for gold and silver shares in recent weeks, the sector recovered from earlier losses Thursday morning despite ongoing weakness in precious metals. The Philadelphia Gold & Silver Index (XAU) initially fell as much as 1.4% to 173.96 – its lowest level since October 4th of this year – before bouncing back into positive territory, by 0.5% at 177.15.