Gold Rises for Another Record, Silver Advances

New York gold futures on Wednesday hit another fresh record and for a second straight day despite the appearance of a stronger US dollar. Investment demand was the common reported reason for the yellow metal’s rise. Platinum and silver advanced as well while crude oil fell for the first time in three days. US stocks closed mixed, with the Dow falling from a 14-month high.

New York precious metal figures follow:

• Silver for March delivery advanced 11.5 cents, or 0.6 percent, to $19.325 an ounce. It ranged from $19.10 to $19.47 — the highest price since
  July 2008.

• Gold for February delivery rose $12.80, or 1.1 percent, to $1,213.00 an ounce. It ranged from $1,196.50 to $1,218.40 — the new all-time high.

• January platinum surged $19.70, or 1.3 percent, to $1,506.30 an ounce. It ranged from $1,486.60 to $,1514.80.

In PM London bullion, the benchmark gold price was fixed earlier in the day to $1,212.50 an ounce, which was an increase of $20.00 from Tuesday. Silver went up 46 cents to $19.180 an ounce. Platinum was settled at $1,485.00 an ounce, for a gain of $15.00.

(…)
Read the rest of Gold Rises for Another Record, Silver Advances (1,567 words)