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Gold, Silver Prices Advance as Equities Rally, Dollar Drops Against Euro
Sep. 29, 2011 11:30AM PST
Precious MetalsBloomberg reported that a weaker dollar boosted demand for an investment haven, causing gold and silver prices to rise.
Bloomberg reported that a weaker dollar boosted demand for an investment haven, causing gold and silver prices to rise.
The market news is quoted as saying:
Gold futures for December delivery fell $2, or 0.1 percent, to $1,616.10 on the Comex in New York, swinging between losses and gains. Silver futures for December delivery rose 17.1 cents, or 0.6 percent, to $30.305. Before today, the metal tumbled 40 percent from a 31-year high of $49.845 on April 25.
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