Gold, Silver Shares Climb as Precious Metals Rally

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tdp2664 Gold and silver shares were sharply higher in Tuesday afternoon trading amid a rally in precious metals and modest weakness in the U.S. dollar. COMEX gold futures, per the April contract, advanced $32.60, or 1.9%, to $1,758.50 per ounce while silver futures jumped $1.21, or 3.7%, to $34.43 per ounce. The U.S. Dollar Index slid as much as 0.4% to 78.797 this morning but pared its losses this afternoon. The Philadelphia Gold & Silver Index (XAU) climbed 2.7% to 198.05, as precious metals stocks were the best performing sector of the U.S. equity markets on the first trading day of the week.