August 23, 2013 at 18:07 PM EDT
Gold, Silver Leap As Talk Of Fed Tapering Tapers
Gold jumped to an 11-week high after new-home sales fell more than forecast, boosting speculation that the Federal Reserve will maintain fiscal stimulus to aid the economy. December gold rose 1.8% to settle at $1,395.80 an ounce at 1:42 p.m. on the Comex in New York. Earlier, the price reached $1,398.70, the highest for a most-active contract since June 7. This week, the metal advanced 1.8%, the third straight gain, partly on
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