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Gold glitters
Sat, May 23, 2009
The Straits Times

By Yang Huiwen

GOLD has regained much of its glister and is now at its highest price in almost two months, as a weakening US dollar turns investors back to the precious metal.

The price hit US$952 (S$1,389) per troy ounce yesterday with experts tipping plenty more to come, thanks to rising demand, global economic uncertainty and an expected weakening of the greenback over the next 12 months.

It has climbed for four straight days and is up 7.6 per cent since the start of this month.


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