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Silver Just 10% Off $50 Record as Platinum Tests JPY Record
GOLD held on track for its 4th new week-end record price in a row on Friday as silver rose further and fellow industrial precious metal platinum also hit new multi-year highs, extending yesterday's sudden surge. "[Thursday's] sharp move doesn't appear futures-driven [ie, speculative]," says a platinum and silver trading note from Chinese bank and London bullion clearers ICBC Standard, "unfolding during an illiquid market window [at the start of London bullion business] and following reports of new emission reduction plans in China. "The rally seems tied to thin trading activity and the spill over from Chinese policy ... (full story)