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Gold climbs in N.Y. as investors seek haven from falling shares

Posted on 27 October 2008

From Bloomberg: Gold climbed in New York, erasing earlier losses, as equities tumbled worldwide, boosting demand for the precious metal as a safe harbor. Silver fell.

U.S. Treasuries rose as investors bought government securities amid a worldwide collapse in shares. The dollar climbed as much as 1.9 percent against a weighted basket of six major currencies before paring gains…… Full Article: Source


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