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silver news

  • International Monetary Fund Completes Gold Sale

    Los Angeles – Gold bullion prices closed higher at $1,381.80 an ounce on Friday bringing gold’s year-to-date gain to over 26 percent for 2010. Silver prices closed slightly lower at $29.22 an ounce for a 73 percent year-to-date gain and pushing the price of silver to its best year since 1980, when it reached an

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  • President Obama Signs $858 Billion Tax Package

    Los Angeles – Gold bullion prices closed higher at $1,374.00 an ounce on Friday just four percent below its recent all-time high of $1,432.50 reached on December 7. Silver rose higher closing at $29.12 an ounce as it increased the Gold-to-Silver ratio to 47, very close to its near four year low of 46 reached

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  • Obama Compromise Bullish For Gold

    Los Angeles – Gold bullion prices closed at $1,386.60 an ounce on Friday, 1.5 percent lower for the week and just 3.5 percent below a record all-time high of $1,430.95 an ounce reached on Dec. 7. Silver closed Friday at $28.59 an ounce, down 1.9 percent on the week after climbing to a 30 year

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  • Canadian Bank Raises Gold Forecast to $1,700

    Los Angeles – Gold bullion prices rose 0.9 percent for the week closing at $1,363.30 an ounce after reaching an all-time high of $1,424.60 on November 9. Fundamentally, the gold price remains positive as gold gets ready to rise for a tenth consecutive year. Silver finished down 1.5 percent for the week at $26.71 an

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  • Gold Price Could Reach $1,500 By Year-end

    Los Angeles – Gold bullion prices reached an all-time record high of $1,397.80 an ounce on Friday while the Silver price gained over 3 percent for the day and 9 percent for the week closing at $26.90 an ounce. The gold price gained 2.6 percent for the week, bringing gold's year-to-date rise to 27 percent,

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  • Analyst Predicts $1,500 Gold by Year’s End

    Los Angeles – Following three days of volatility after China’s surprising interest rate increase on Tuesday, gold bullion prices moved to $1,328.50 an ounce on Friday while silver improved to $23.30 an ounce. The price of gold reached an all-time record high of $1,387 an ounce on the 14th of October and has gained 21

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  • Goldman Sachs Forecasts $1,650 Gold Price

    Los Angeles – Gold bullion prices ended higher for an 11th straight week after closing Friday at $1,369 an ounce and gaining 1.7 percent for the week. Silver closed at $24.34 an ounce after gaining 4.9 percent for the week and 38 percent for the year. With the price of gold moving almost vertical, investors

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  • Gold Could Move Above $2,200

    Los Angeles – The price of gold rose one percent to $1,345.80 an ounce on Friday for a gain of 2.1 percent for the week. Fueled by concerns over the safety of paper currencies and the outlook for major global economies, gold prices have rallied more than 20 percent this year. The price of silver

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  • Gold Could Hit $1,500 By Year-end

    Los Angeles – The price of Gold rose to $1,315.80 an ounce, a 1.6 percent weekly gain, on Friday as silver prices rose to $22.05 an ounce, nearly 3 percent up on the week, after hitting a 30 year high at $22.15 an ounce. The week began with a record high for the price of

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  • Gold And Silver Prices Soaring

    Los Angeles – Gold bullion prices rose to $1,299.95 an ounce on Friday as silver hit a three decade high of $21.40 an ounce. December silver is up 10.1 percent for the month and closed the week with a 2.8 percent rise, settling at $21.399. Gold, meanwhile, is up 3.8 percent this month and gained

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