Gold & Silver Increase –

Gold and silver increased after confidence rose following a European Union summit.  European Union leaders agreed to work at lowering the borrowing costs for Italy and Spain.  Gold rose 3% and settled slightly below $1,600 an ounce.  Silver increased by more than 5% to $27.67 an ounce.  Platinum also rose almost 3% to $1,422.25 an ounce.

To read a related Fox Business article, please click here:

http://www.foxbusiness.com/markets/2012/06/29/gold-jumps-2-as-eu-summit-lifts-confidence/

James Sutliff

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