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Tuesday, November 10, 2009

Another major gold breakout: Now over $1,100

Gold powered to another record high on Monday on safe-haven buying as the U.S. dollar slipped and after a weaker-than-expected U.S. unemployment rate revived worries about the health of the global economy.

Gold has gained more than 25% in 2009, driven by persistent weakness in the U.S. currency that has lost more than 6% versus the euro so far this year...

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