May 2013

U.S. gold prices advanced 1.6% this week despite the precious metal falling in more days than rising. The turnaround snaps a two-week losing streak. Silver also ended higher than a week ago with an accumulated increase of 0.6%.

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U.S. gold prices declined for a second week in a row after rising for three weeks previously. Weekly losses accumulated to 5%. In the bigger picture, gold is riding a streak of seven consecutive session declines in which prices have fallen 7.4%.

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U.S. gold prices fell for the week, the first time in three weeks. US Mint gold bullion coin sales weakened. Silver also declined for the first time in three weeks, yet sales of US Mint silver bullion coins were stronger.

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U.S. gold prices rose for a second consecutive week. Gains were slighter this week at 0.7%, however, compared to last week’s 4.2% surge. Gold was the single precious metal lower Friday. Gold prices for June delivery fell $3.40, or 0.2%, to $1,464.20 an ounce

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