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Precious Metals
The August COMEX gold on Friday closed up 21.9 or plus 1.27%, and July silver closed up 33 cents or 1.94%. The precious metals prices on Friday rallied to one-week highs. Comments on Friday from the Fed president supported the prices for precious metals when he said, “More support is likely to be needed from both monetary and fiscal policy.” With unemployment remaining above 10% and inflation persisting well below the Fed’s 2% target, precious metals prices gained Friday on the outlook for additional stimulus measures to be implemented as Eurozone leaders met