Gold prices reached $530.40 an ounce for the first time since 1980. Asian markets helped push the values as the precious metal gained over 16 percent in the past month. Spot gold also closed at $527 an ounce on the New York Mercantile Exchange. “This buying is just more of the same of what we have been seeing. I suspect also that it may be central bank buying that is supporting it on the dips," said market analyst Paul Merrick. Other precious metals are up, too, with silver soaring past $9 an ounce to levels last seen more than 17 years ago. Platinum is at around $1,000 an ounce and is at its highest level since 1980. Source:
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