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Gold, silver trade higher on rising crude oil
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Posted on
Aug 27 2008 3:28 AM
by
adeal
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Gold rose to a two-week high in seesaw trading Tuesday as a jump in crude oil fed investor demand for hard assets as inflation hedges. Other commodities traded mostly lower, with copper, corn, soybeans and other agriculture futures falling. Gold for December delivery fell $2.40 to settle at $828.10 an ounce on the New York Mercantile Exchange.
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