Saturday, 30 April 2011
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Inflation worries send gold and silver higher
The dollar's downward spiral and concerns about inflation pushed gold and silver higher this week as investors clamoured for an alternative store of value. Gold notched a record high above $1,569 per troy ounce, rising 4.1 per cent on the week. Silver climbed 3.9 per cent on the week, touching a 31-year peak above $49 per ounce that was just shy of the $50 nominal record reached during a
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