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Commodities Briefing - Categorized | Bullion/Gold, Price Watch

Gold hits record above $1,170/oz as dollar slides

Posted on 24 November 2009

From Reuters: Gold scaled a record high at $1,173.50 an ounce on Monday as a weaker dollar boosted buying in gold as a hedge against depreciation of paper currencies.

Expectations of prolonged low U.S. interest rates also supported bullion’s investment demand………………………..Full Article: Source

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