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Gold prices hit record high
Gold prices touched an all-time high of…
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Dec 2nd, 2009
Gold prices touched an all-time high of $1,218.40 an ounce in New York on Wednesday, as demand for the metal increased because of the decreasing dollar. Central banks, pension funds and individuals are buying the gold as a hedge even as the dollar is seeing 15-month lows, reports Bloomberg.
Gold prices have risen 37 percent this year, and have seen gains in 17 out of the last 20 weeks.
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