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View Full Version : Gold Trades Near Two-Month High After Dollar's Drop Spurs Gain - Bloomberg



NewsWhore
05-21-2009, 01:10 AM
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Gold Trades Near Two-Month High After Dollar&#39;s Drop Spurs Gain (http://news.google.com/news/url?sa=T&ct=us/7-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3Dav_DCcPgozTM%26refer%3Dindia&cid=0&ei=idYUSqCVI6LMjAedhunUAw&usg=AFQjCNFu0F5k-F0V5jDPDJmsInCxeQdVmQ)
Bloomberg
Gold typically advances when the US currency drops. “The main gold-price driver of the day was the US dollar,” Jon Nadler, senior analyst at Kitco Metals Inc., said in a report. A rise in crude oil to six-month highs yesterday also “helped matters for ...


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