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Business

New York gold futures bounce back to positive territory
Jan 7, 2009 04:00
Gold futures in New York rose on Tuesday which erased earlier losses as the dollar set back. The dollar index climbed as much as 1.7 percent before paring gains, and gold futures for February delivery on the New York Mercantile Exchange touched as low as 838.8 U.S. dollars an ounce. However, the dollar turned soft most of day, which supported the gold. And generally positive equity market action, higher energy prices and strength in the industrial metals probably prompted some fr ...


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