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Gold hits record high
Julia Kollewe
London
Guardian
Monday, Nov 9th, 2009
Gold has hit a fresh all-time high this morning,
as the weakening US dollar prompted investors to increase their
bullion holdings.
The dollar came under pressure after Friday's worse-than-expected
US jobless data and the G20 meeting at the weekend reinforced
expectations that American interest rates will not rise any
time soon.
This pushed the spot price of gold, seen as a safer investment,
to a new record of $1,108.05 an ounce – and extended last
week's gains of almost 5%.
Sterling also rose, hitting a three-month high against the
dollar today of $1.6800. Other precious metals such as silver,
platinum and palladium also firmed, while crude oil rose nearly
2% in early trade.
Full
article here
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INFOWARS:
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