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Struggling Dollar Pushes Gold to Another Record

Posted by Scott Boyd at 9:10 am EST, 11/10/2009

Gold touched an all-time high of $1,107.2 an ounce yesterday as investors abandon the struggling dollar. Growing demand in Asia and other emerging markets has also played a part in driving up prices in the last two weeks as governments diversify away from the US dollar in order to protect the value of their reserves.

BBC News

Filed under: Forex Round Up, USD, EUR, GBP, CHF, JPY, AUD, CAD

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November
20
Today’s Global
Market Events
8:30 am
CAD
Core Retail Sales m/m
0.5%
CAD
Retail Sales m/m
0.8%
10:00 am
USD
Existing Home Sales
5.57m
6:00 pm
AUD
CB Leading Index m/m
1.8%