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Metals Rise, Still Posts Weekly Losses

March 24, 2012 at 0:04 by Vladimir Vyun

Metals rose today, but ended week with losses anyway on the signs of economic slowdown across the world. Gold ended this week flat.

Yesterday, traders have seen evidenced of problems in Europe and China. Today, even the United States made market participants worried. New home sales fell from 318,000 in January to 313,000 in February, even though they were expected to rise to 326,000.

Gold advanced from $1,644.10 to close at $1,661.10 per ounce today on COMEX. Silver went up from $31.50 to $32.25 per ounce today in New York. Platinum closed at $1,626.50 per ounce, following the advance from $1,619.90 to $1,637.90. Copper was higher from $3.7990 to $3.8165 per pound today.

If you have any questions and comments on the commodities today, use the form below to reply.

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