Friday, February 24, 2012

Precious Metals Retreat, Still Post Strong Weekly Gains

Gold and silver futures settled modestly lower on Friday despite a further
decline in the U.S. dollar as investors and traders took profits in precious
metals. However, despite the sell-off in precious metals, gold and silver
finished sharply higher for the week. COMEX gold for April delivery slid $9.90,
or 0.6%, to $1,774.60 per ounce after trading as high as $1,784.25 early this
morning.

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