Summary Box: Gold prices set record high as investors question strength of economic recovery
By APFriday, June 18, 2010
Summary Box: Gold prices sets record high
GOLD’S DAZZLE: Gold prices set a record high for a second day Friday as investors continued to question the strength of the global economic recovery. Gold for August delivery settled at $1,258.30 an ounce after hitting $1,263.70 an ounce earlier in the day. Some analysts speculate it could hit $1,300 an ounce in the months ahead.
PRECIOUS GAINS: Silver, platinum and palladium all rose as they attracted traders and investors interested in precious metals.
MIXED BAG: Crude prices rose while gasoline, natural gas and heating oil all fell.
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