26

April

Precious metals cool after reaching highs

26 April 2011  The Financial Times

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Precious metals weakened after touching highs as investors sought substitutes for paper currencies.

Gold reached $1,518.10 per troy ounce, a nominal record, while silver climbed to $49.31 per ounce, its highest level since a supply squeeze in 1980.

http://www.ft.com/cms/s/0/5654003a-6f2e-11e0-952c-00144feabdc0.html