Thursday, September 20, 2007

Gold, the world's hedge, rises as dollar stumbles

Bloomberg News: LONDON: Gold rose to a 27-year high in New York and London as the dollar sank to a record low against the euro, spurring demand for alternative investments. Bullion has advanced 14 percent this year, heading for its seventh-consecutive annual gain, as investors seek a hedge against inflation with oil rising to a record.

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