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NEW YORK (AP) - Gold and silver prices rose modestly Friday after U.S. government data showed mild consumer-level inflation, which suggested the Federal Reserve is unlikely to raise interest rates.
Grain prices also climbed, boosted by weather-related worries and ever-surging ethanol demand.
Overall, it was a strong week for commodities, which rebounded from last week's selloff alongside the stock and bond markets as investors decided their inflation worries were overblown. Gold finished the week up 1.3 percent; copper climbed 4.9 percent; crude oil rose 5 percent; corn jumped 9.7 percent; and wheat, also lifted by weather concerns, spiked 15 percent.
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