Gold, silver post gains for the day and week

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SAN FRANCISCO (MarketWatch) -- Gold and silver futures rallied Friday as tensions in the Middle East helped the precious metals post sizable gains for the week. April gold closed up $3.50 at $1,388.60 an ounce on the Comex division of the New York Mercantile Exchange. It is up 2.1% for the week. March silver tacked on 73 cents to end at a fresh 31-year high of $32.296 an ounce. The contract ended the week with a 7.9% gain.

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