Summary Box: Gold rallies for the week

AP News
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Posted: Oct 14, 2011 3:58 PM
Summary Box: Gold rallies for the week

GOLD RALLIES: Gold for December delivery closed at $1,683 an ounce. That's about 1 percent higher than Monday's gold price of $1670.80.

STRONG DEMAND: Gold demand remains strong, in part because of economic stimulus programs in Europe and the U.S. which some fear might stoke inflation.

OTHER METALS RISE: Copper for December delivery rose 10.15 cents, or 3 percent, to end at $3.4085 a pound. January platinum rose $22.50, to finish at $1,554.90 an ounce. December palladium gained $26.45, or more than 4 percent, to $620.55 an ounce.