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Gold up on dollar slump
- Sunday, November 05 - 2006 at 08:47
Gold prices hit an eight-week high at the end of last week, as fund managers fled to the precious metals market on a weakening dollar, AFP reported. Gold rallied despite a dip in oil prices, as data showed growth in the US manufacturing sector was at its lowest pace in three years - which triggered a weakness in the dollar.
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James McInerney, News EditorSunday, November 05 - 2006 at 08:47 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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