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prettynpink

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prettynpink

Re: None

Monday, 04/21/2008 8:43:57 AM

Monday, April 21, 2008 8:43:57 AM

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Gold futures rise over 1%, as dollar declines

By Polya Lesova

NEW YORK (MarketWatch) -- Gold futures rose sharply early Monday, rebounding after their decline in the previous session, as weakness in the U.S. dollar underpinned demand for the precious metal. Gold for June delivery rallied $11.60 at $926.80 an ounce on the New York Mercantile Exchange. The dollar index, which tracks the performance of the greenback against a basket of other major currencies, dropped 0.4% to 71.65.

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