Gold Tops $1,400, Silver Futures Advance to 30-Year High as Dollar Tumbles

Bloomberg reports that Gold futures topped $1,400 an ounce and silver climbed to a 30-year high as the dollar’s slump boosted the appeal of precious metals as alternative investments.

The market news is quoted as saying:

Silver futures for March delivery climbed 69.9 cents, or 2.4 percent, to $29.271 an ounce. Earlier, the metal reached $29.37, the highest since March 1980. This week, the price jumped 9.3 percent, the most since January.

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