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MCX Gold trading higher on weak dollar
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Posted on
Jun 23 2008 5:48 AM
by
adeal
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MCX Gold rose for a sixth consecutive day in , heading for its biggest weekly gain in almost four months, as a weaker dollar and rising energy prices spurred investors to buy the metal as a haven from inflation. Silver also gained. The dollar is down 1.5 percent this week against a basket of six major currencies, and crude oil rebounded after tumbling 3.5 percent Thursday .
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