|
Written by Alix Steel
- MSN Money |
|
Friday, February 18, 2011 |
|
Gold and silver settle higher as consumer prices rise in the U.S. and rumors circulate that China may be beefing up its gold stores to back its currency.
Higher consumer prices in the U.S. and unconfirmed reports that China is seeking to beef up its currency, the yuan, by backing it with gold bullion helped move gold prices higher Thursday.
Gold for April delivery gained $10 to settle at $1385.10 an ounce at the Comex Division of the New York Mercantile Exchange. The spot gold price was adding $8.50, Read more |
