Spot gold ended the New York session at $440.15 - $1 shy of the fresh 16-year highs scored earlier of $441.15.
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Gold: Highest Since 1988
Gold futures closed higher again, getting their new record in the gold contract's history
Gold futures closed higher again, getting their new record in the gold contract's history Tuesday after extended U.S. dollar weakness and signs of rising U.S. inflation reinforced fund interest, because waek US currency made gold cheaper for overseas investors.
December contract climbed $3.20 at $440.50 an ounce on the COMEX division of the New York Mercantile Exchange, its highest close since July 1988.
Spot gold ended the New York session at $440.15 - $1 shy of the fresh 16-year highs scored earlier of $441.15.
Spot gold ended the New York session at $440.15 - $1 shy of the fresh 16-year highs scored earlier of $441.15.
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