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$1,700 level breaks bullion's momentum

Frik Els | October 25, 2011 | 11:39 pm Precious Metals Europe Gold 

Gold climbed to a month high on Tuesday, briefly breaching the psychologically important $1,700 level, but the rally quickly ran out of steam. Gold for December delivery settled up $48, or just under 3%, at $1,700.40 an ounce in New...

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