Tuesday, 3 May 2011
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Gold Surpasses $1,550/Ounce As Dollar Drops
NEW YORK (Dow Jones)--Gold futures topped $1,550 an ounce Friday as investors sought an alternative to the U.S. dollar. There doesn't seem to be an end in sight for the metal's historic rally as U.S. interest rates are set to remain low for some time, keeping speculative investment strong in gold even as demand is on the rise for a hedge against global inflationary pressures. The most-actively
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