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Thursday, November 12 - 2009

Gold tops $540 an ounce

  • United Arab Emirates: Sunday, January 08 - 2006 at 08:15

The 2006 gold market got off to a heady start with the yellow metal closing at $540 an ounce last week, just a whisker below its previous 24-year high set in December. Oil mining stocks also enjoyed a powerful rally as investors reasoned that the gold price will go higher.

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