Updated from 11:52 a.m. EDTPrecious metals prices soared Friday as the conflict between Israel and Lebanon heightened and investors sought sanctuary in safe-haven investments such as gold and silver. Contracts for August delivery of gold closed up $13.6 to $668 per ounce on the Comex division of the New York Mercantile Exchange (Nymex). Silver followed suit, with September contracts up 4.5 cents to $11.55 an ounce by the end of trading.
Gold Soars as Conflict Rages
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