Precious metals across the board edged upward ahead of the weekend.
Gold jumped 1.3% higher to $1511.55oz, as silver prices settled at $35.01/oz (up by 0.2%), amid renewed sovereign debt worries, tumbling euro against the dollar and rising crude oil prices.
Gold for June delivery was shedding $1.50 to $1,507.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,519 on strong overnight buying but then turned lower to hit a low of $1,503.70. The spot gold price was down $1.70, according to Kitco's gold index.
Silver prices were losing 47 cents to $34.61 an ounce. The U.S. dollar index was popping 1.11% to $76.27 as the euro tanked 1% against the dollar. Although in euro terms, gold prices were rising 0.99%. For the latest updates PRESS CTR + D or visit Stock Market news Today
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