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Reuters reported that falling stock markets caused gold prices to increase to a new record high.
Reuters reported that falling stock markets caused gold prices to increase to a new record high.
The market news is quoted as saying:
Gold, regarded as a safe-harbor investment when shares fall, has broken cleanly above technical resistance from a near three-year trend-channel and putting its ratio to the S&P-500.
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| Commodities | |||
|---|---|---|---|
| Gold | 2329.79 | +0.22 | |
| Silver | 27.48 | +0.02 | |
| Copper | 4.24 | -0.01 | |
| Oil | 86.73 | +0.14 | |
| Heating Oil | 2.75 | +0.01 | |
| Natural Gas | 1.78 | +0.01 | |
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