Gold rallies to 18-month high as dollar slides |
Reuters - Sep 11, 2009 |
Gold prices extended gains above $1,010 an ounce in Europe on Friday as the dollar index's .DXY tumble to one-year lows fueled interest in the precious metal as an alternative asset.
Its gains lifted prices of other precious metals, with silver and platinum both rallying to multi-month highs in its wake.
Spot gold rose to a high of $1,011.55 an ounce, its firmest since February 2008, and was bid at $1,009.50 an ounce at 1437 GMT against $995.50 late in New York on Thursday.
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- Posted: 2009-09-11 10:45:53
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