Rand Strengthens to a Seven-Week High as Gold, Oil Gain, Reserves Increase

Bloomberg reported that the Rand has risen to its highest value in seven weeks as gold also reached an all-time high.

The market news is quoted as saying:

Gold rose as much as 1.2 percent to $1,444.95 an ounce, and oil climbed 2.4 percent to $106.95 a barrel as fighting increased between Libyan rebels and troops loyal to Muammar Qaddafi.

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