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126

Yuan Revaluation Sent Gold Price High

US gold jumped on Thursday on short covering triggered...

Yuan Revaluation Sent Gold Price High

US gold jumped on Thursday on short covering triggered by news that China was revaluing its currency, traders said.

August gold settled with a gain of $3.60 to $425.70 on the Comex division of the New York Mercantile Exchange.

The metal Thursday morning got as high as $426, its strongest level since July 13.

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