Gold Prices Rally Toward $1250, Silver Advances

Bullion update ...New York gold lifted toward $1,250 an ounce on Thursday, gaining just over $11 to finish at its highest price this week. A falling dollar, safe-haven appeal and bargain buying were among cited factors for gold’s rise.

Metals were mixed as group. Silver jumped 1.5 percent. Platinum and palladium fell 0.4 percent and 0.9 percent, respectively.

In other markets, crude oil futures prices rose slightly while U.S. stocks finished lower with major indexes dropping between 1.4 percent and 1.7 percent.

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