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Gold rushes to record high above $1,090/oz
Reuters
Wednesday, Nov 4th, 2009
Spot gold ran to a record high above $1,090 per
ounce on Wednesday, latching on to a weaker dollar with continued
support from the IMF's sale of gold to India's central bank.
The dollar index declined 0.34 percent as investors awaited
a Fed statement later on Wednesday.
Spot gold hit a record high of $1,092.60 an ounce and was bid
at $1,091.05 an ounce at 0915 GMT, compared with $1,084.50 late
in New York on Tuesday.
U.S. COMEX gold futures also hit an historic $1,093.70 in electronic
trade, and were later up $7.40 at $1,092.40.
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