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Gold Surges To 25-Year High On Weak Dollar |
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9:40 AM EDT May 01 2006 |
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Gold futures surged to 25-year highs, as weaker dollar and worries about Iran’s nuclear program helped increase the appeal of the precious metal. Gold for June delivery rose $5.50 to $660 per troy ounce. Silver July delivery gained 3 cents to $13.92, following a rally Friday as the first silver exchange-traded fund was launched. Copper added about 10 cents to trade at $3.434 a pound. |
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