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Thursday, October 14, 2010

Prices of Gold higher!

The price of gold rocketed to another record high on Wednesday, powered by the weakening dollar after signals from the US that it would consider more pump-priming stimulus measures. Gold hit 1,374.35 dollars an ounce approaching 1500 GMT on the London Bullion Market. That signal fired up expectations the Fed will soon pump money again into the economy through major asset purchases, a measure known as quantitative easing (QE).

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