Gold, Silver Slip Slightly; Stocks Hit 2009 Highs

Gold slid slightly Wednesday after reaching an 18-month high on Tuesday. Profit taking was a cited catalyst. Silver slipped as well while platinum edged higher along with black gold, oil. US stocks climbed, with the Nasdaq and S&P 500 hitting 2009 highs.

New York precious metals figures follow:

• Silver for December delivery lost 4 cents, or 0.2 percent, to $16.47 an ounce.

• Gold for December delivery declined $2.70, or 0.3 percent, to $997.10 an ounce. The yellow metal reached as high as $1,005.00.

• October platinum rose $1.80, or 0.1 percent, to $1,291.40 an ounce.

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