Saturday, March 3, 2012

Gold hits 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. Energy futures wavered, while grains slipped.

Gold for December delivery jumped $19.20, or 2 percent, to $997.70 an ounce on the New York Mercantile Exchange, after earlier hitting a six-month high of $999.50.

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 …

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