Profit

Gold hits $700 an ounce

PUBLISHED ON: May 10, 2006

  
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Gold is glittering a lot more than it has in over two decades. The price for the yellow metal has shot past the $700 dollars a troy ounce mark and analysts say gold will get dearer still. With oil prices at record levels, the dollar on the decline despite Wednesday's expected Fed rate hike, and the commodity cycle booming, funds have been on a buying spree.
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