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Gold and Silver Prices Rally, Rebounding for Weekly Gains
Gold and silver prices soared on Friday, driving prices for both slightly higher for the week, as U.S. and U.K. airstrikes in Yemen heightened the metals’ safe-haven appeal. Platinum also closed up on the day, albeit modestly. These gains marked the first for all three precious metals this week. Finishing ahead for the first time in six sessions, gold for February delivery tacked on $32.40, or 1.6%, to settle at $2,051.60 an ounce on the Comex division of the New York Mercantile Exchange. Gold prices edged 0.09% higher this week after slipping by 1.1% last week. Year-to-date, the yellow metal is down by 1%. On ... (full story)