Oil prices spike; gold shines

Oil prices spike; gold shines

By late Friday on the London Bullion Market, the price of gold increased to 1,391.25 an ounce from 1,386 a week earlier. Silver eased to 21.69 an ounce from 22.60. On the London Platinum and Palladium Market, platinum fell to 1,448 an ounce from 1,505.
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Why there's no value in gold funds

Data from FE Analytics shows that the gold spot price is 15.45 per cent down over the year, after a sharp sell-off in March that surprised investors who used the metal as a hedge against inflation. The HSBC Global Gold Index of gold mining companies …
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Gold price edges lower for second session on stimulus fears

Spot gold fell 0.1 percent to $1,384.01 an ounce by 0023 GMT after losing about 0.15 percent on Thursday following stronger-than-expected U.S. Data. * US gold rose about $6 to $1383.6. * US retail sales rose more than expected in May and first-timeĀ …
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