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66%  
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  • Gold Prices Hit 25-Year High (548 at Noon EDT)

    01/09/2006 9:07:21 AM PST · by DebtAndDelusion · 78 replies · 989+ views
    Fox News ^ | Januaray 9, 2006 | Fox News
    Gold scaled a new near-25-year peak on Monday as fund managers poured money into the metal due to worries about inflation and dollar weakness against the yen, dealers said. Market talk that some central banks might buy gold to increase the metal's share in their reserves boosted sentiment. Gold also gained in other currencies. In trading Monday, gold was at $537.9 an ounce on the New York Mercantile Exchange. Earlier, in Asian trade, the precious metal briefly hit prices not seen since March, 1981. "In the near term, we are very close to an important level of $550 (an ounce)...
  • Gold Prices Reach Their Highest Levels in Years (539 at Noon EST)

    01/06/2006 9:12:35 AM PST · by DebtAndDelusion · 89 replies · 1,249+ views
    Voce of America ^ | January 5, 2006 | Mario Ritter
    Gold has long been valued, and not just for its beauty. The metal is also valuable for its resistance to chemical reactions, and for its electrical qualities. But some people have always valued gold most as an investment, even without any guarantee of growth in its value. For years, gold prices fell. Now gold is in the news because prices have risen to their highest levels since the early nineteen eighties. Gold is trading above five hundred dollars a troy ounce, about thirty-one grams. There seems to be no simple explanation for the increase in gold prices. Experts say investments...