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IPFS News Link • Gold and Silver
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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