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Twotone

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Twotone

Re: Twotone post# 38384

Wednesday, 03/23/2011 1:30:22 PM

Wednesday, March 23, 2011 1:30:22 PM

Post# of 118202
Food for thought, or action!

Gold rises to record; copper rallies
1:20 pm ET 03/23/2011
SAN FRANCISCO (MarketWatch) -- Gold futures added to their advance Wednesday, trading at a record as a rally for crude reinforced fears of inflation and investors remained concerned about developments in the Middle East and North Africa and in Japan.

Gold for April delivery rose $12, or 0.8%, to $1,439.50 an ounce on the Comex division of the New York Mercantile Exchange.

A close around these levels would be a record for the most-active gold contract. The metal last settled at a record on March 2, when it closed at $1,437.70 an ounce.

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