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News Link • Gold and Silver

Gold Settles Above $1,602, Extends Record Rally

Gold settled at an all-time high above $1,602 an ounce Monday, extending a record rally as investors sought a safe haven on fears that U.S. lawmakers could fail to raise the debt limit, resulting in a default.
Gold rallied even as the U.S. dollar strengthened, helping the precious metal hit record highs across a number of major currencies, namely euro, British sterling, South African rand and the Canadian dollar.

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