Gold Hits Two-Week High, Silver Retreats

Bullion update ...New York gold futures rose Tuesday to their highest level in two weeks, despite a stronger dollar and falling oil prices — situations that typically pressure gold prices lower.

S&P’s downgrade of Greece’s and Portugal’s credit rating was the major factor cited in safe-haven gold buying, as well as a catalyst in driving down oil and U.S. stocks.

New York precious metal figures follow:

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