Gold futures settled back above $1,300
an ounce on Wednesday for the first time in over a week on the back of a
decline in U.S. equities, worries linked to Ukraine and the potential
for stimulus measures in Europe. June gold
GCM4
-0.16%
rose $11.10, or 0.9%, to settle at $1,305.90 an ounce on Comex. Silver
prices, meanwhile, settled at their highest in a month, buoyed by a
report that said physical demand for the metal rose to a record last
year. July silver
SIN4
-0.15%
climbed 23 cents, or 1.2%, to end at $19.78 an ounce. That was the
highest close for a most-active contract since April 14.
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