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Monday, June 7, 2010

Gold, Silver Up Big Today on Safe Haven Buying

Gold is again closing in on a new record, while silver surged by 5 percent to finish the session at $18.16 an ounce.

Gold futures increased by almost 2 percent to close at $1.240.80 an ounce, only a couple dollars short of the all-time record.

For the day, gold rose by $23.10 for August delivery, while silver numbers were based on July delivery.

Silver prices were moving in unison with gold as a secondary safe haven, as it wasn't based on silver demand at this time.

Gold mining companies, for the most part, were all up today.

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