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Gold prices hit record high

Gold prices touched an all-time high of…

December 2, 2009 12:01 by



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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1 Comment

  1. Gold guy on December 3, 2009 5:52 am

    Gold is on a roll…

     

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