Gold Prices Advanced 1.6%, Silver Gains 1.7%

Fine Gold BarsGold prices bounced 1.6% higher Wednesday after falling 2.5 percent in the previous session. Bargain hunting and a weaker U.S. dollar were among factors analysts cited for gains.

"Physical demand has been reinvigorated at these price levels," Suki Cooper, an analyst at Barclays Capital in New York, said in a report cited on Bloomberg.

Read the rest of Gold Prices Advanced 1.6%, Silver Gains 1.7% (442 words)

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