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Benzinga
  • 5 minutes ago
U.S. stocks hovered near records as silver and gold surged to new highs on geopolitical tensions, lifting mining shares while broader indexes edged slightly lower in thin trading.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street
00:02U.S. stocks held near record levels Friday as a sharp rally in precious metals continued,
00:08according to the Wall Street Journal. Frontline's silver futures surged 7.7% to around $76.49 a
00:16troy ounce, extending a run that has more than doubled prices this year. Gold futures rose about
00:211.1% to a record $4,529.10 a troy ounce. The gains came as geopolitical tensions
00:29escalated, including a U.S. strike on Islamic State in Nigeria and actions targeting sanctioned
00:35Venezuelan oil tankers. U.S. crude futures rose 0.4% for the week. Major stock indexes ended
00:42slightly lower after thin trading. Mining stocks rose with metals, while NVIDIA climbed after a
00:47licensing deal announcement, and Qoom jumped on reports tied to a cybersecurity breach cleanup.
00:53For all things money, visit Benzinga.com.
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