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Gold Extends Gains in Europe as Dollar Weakens

July 14 2011, 09:52

FMX|Connect- WWW.FMXConnect.com (Reported on 7/14/2011)

Gold Extends Gains in Europe as Dollar Weakens

Source: Commodity Online

Gold extended gains in European trade Thursday as the dollar weakened after Moody’s warning while Fed hints of a policy easing also helped the yellow metal.

Gold for immediate delivery was seen trading at $1592.47 an ounce at 11.00 a.m London time while U.S. gold futures for August delivery was seen trading at $1,593.42 an ounce on the comex division of Nymex. To read full article, click here.

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