Spot Gold Price Up on Greece Woes

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12 مارس 2007
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NEW YORK (TheStreet) -- New York spot gold prices firmed Friday afternoon after European debt concerns worsened, with Fitch Ratings' decision to lower Greece's credit rating to BBB- from BBB+ with a downbeat outlook.





Spot gold prices were rising $9.60, or about 0.8%, to $1,160.80 an ounce.
"Against this background of uncertainties [related to fears of Greece defaulting on debt] gold prices climbed, " Kitco analyst Jon Nadler wrote in a report on Friday.

New York spot silver prices, meanwhile, were up 28 cents, or 1.6%, to $18.34 an ounce Friday afternoon.

New York spot platinum prices were rising $8, or 0.5%, to $1,721 an ounce, while its sister metal gained ground.
 

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