Gold, grains advance on midday stock market rally (AP)

Posted by admin on November 18, 2008 under News | Be the First to Comment

Gold, grains advance on midday stock market rally (AP)

An employee places bars of one kilogram fine gold on a machine before marking with a stamp at a plant of gold refiner and bar manufacturer Argor-Heraeus SA in the southern Swiss town of Mendrisio November 13, 2008. In addition of some 350-400 tons of gold and 350 tons of silver per year, Argor-Heraeus SA processes platinum, palladium and precious metals to bars and other products of the precious metals industry. REUTERS/Arnd Wiegmann (SWITZERLAND)AP – Precious metals and agriculture futures advanced Friday, getting a boost from a short-lived afternoon rally on Wall Street and the potential for an additional interest rate cut. Energy prices, meanwhile, slumped due to ongoing concerns over demand.


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