Monday, April 25, 2011

Gold settles at record above $1,500

(MarketWatch) — Gold settled at a record and silver rallied 2.4% Monday as inflation fears kept investors attracted to precious metals, which were also helped by a weaker dollar. Gold for June delivery added $5.30, or 0.4%, to end at $1,509.10 an ounce on the Comex division of the New York Mercantile Exchange. Earlier, it hit an intraday record of $1,519.20 an ounce. That was gold’s sixth consecutive high-water mark and its eighth straight day of gains. May silver rallied $1.09, or 2.4%, to $47.149 an ounce. It had traded as high as $49.82.


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