Friday, September 4, 2009

Gold at 6-month high, nears $1,000 an ounce

Gold prices bounded higher Thursday, nearing the $1,000 mark for the first time since February. Other metals followed gold higher. Prices have added about $44, or 4.6 percent, over the past three days, breaking free from two months of wayward trading between $930 and $970 an ounce.

Silver prices, which have trailed gold this year, got a boost as well. December silver soared 6 percent, rising 92.5 cents to $16.29 an ounce, after earlier hitting $16.31, its highest point since August 2008. Silver prices have surged more than $2, or 14 percent, in just five days.

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