Dealers said an absence of the fund long liquidation and trader profit-taking of last week as the end of the year approaches caused this soar of the precious metals.
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Gold Futures Surged Above$442
U.S. gold rose and closed above $442 per ounce Wednesday
U.S. gold rose and closed above $442 per ounce Wednesday amid weaker US dollar.
February gold futures at the New York Mercantile Exchange's COMEX division closed at $442.20 per ounce Thursday, up $4.90, after trading from $436.70 to $443.20.
Dealers said an absence of the fund long liquidation and trader profit-taking of last week as the end of the year approaches caused this soar of the precious metals.
Dealers said an absence of the fund long liquidation and trader profit-taking of last week as the end of the year approaches caused this soar of the precious metals.
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