Wednesday, August 22, 2007
Gold, silver climb in New York
Story link: Gold, silver climb in New York
by Elaine Frei
by Elaine Frei
Gold and silver prices gained ground on Wednesday on the possibility that the US dollar will weaken further.
Some analysts warned, however, that gold’s gains especially could be limited if investors decide to look to US Treasury bonds instead of metals as a safe place to put their money.
December gold added $2.50 to end the session in New York at $668.70 per troy ounce, while December silver was up 6 cents to trade at $11.73 per troy ounce.
On the other hand October platinum weakened, dropping $2.80 to $1,248.50 per troy ounce on the session.
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