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World markets rally as gold hits new record high
This article was posted on Nov 23, 2009 and is filed under Market News
World markets rose sharply Monday. Commodity stocks gushed forward particularly in London, after gold hit another record high amid renewed dollar weakness.
European stocks tracked their Asian counterparts higher, with the FTSE 100 index of leading British shares up 88.99 points, or 1.7 percent, at 5,340.40. Germany’s DAX rose 91.74 points, or 1.6 percent, at 5,754.89 and the CAC-40 was 57.24 points, or 1.5 percent, higher at 3,786.60.
Wall Street was poised to open higher after a strong end to last week. Dow futures were up 91 points, or 0.9 percent, at 10,394 while the broader Standard & Poor’s 500 futures rose 11.50 points, or 1.1 percent, to
Tags: gold all time high, gold new year high, gold record high
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