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News Link • Gold and Silver

Gold hits record on inflation fear; silver at 31-year high

• Reuters

Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.

The lingering euro zone debt crisis also helped lift gold prices.

Technical analysis indicated that gold may target $1,518 an ounce, said Reuters market analyst Wang Tao.

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