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Article: Gold at new high on weak dollar.
- Article from:
- Financial Mirror (Cyprus)
- Article date:
- November 12, 2009
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Gold rose above $1,120 an ounce to a fresh record high on Thursday as the U.S. dollar wavered near 15-month lows, while Asian shares lost ground as investors took profits after four days of gains.
Financial spreadbetters expected British and French shares to follow Asian markets lower but saw a higher opening for Germany's DAX share index U.S. equity futures slipped 0.4 percent.
The dollar fell to a 15-month low in early trade before recouping some losses, but was still down 0.2 percent against a basket of major currencies by midafternoon.
Its weakness encouraged a further shift by investors into gold which hit a record high for a second day, ...