Gold Nears $1000, US Stocks Rally

Courtesy Topix - Business News  Thu, 09/03/2009 - 15:41

Precious metals were on fire Thursday. Gold shot to a six-month high as a weakened U.S. dollar helped drive the yellow metal right near $1,000 an ounce.

Silver surged more than 90 cents to top $16 an ounce. Platinum jumped higher as well. In other markets, U.S. stocks rallied late to halt a four-day slide while oil ended slightly lower.


 

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