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Monday, May 10, 2010

Gold soars as central banks hedge

In dollar terms, traditionally used to express the metal’s value, gold is only 2% from its record high of $1,226 per ounce, reached in December 2009.
Ian Williams, the manager of the Way Charteris Gold fund, expects gold to rise from $1,200 to $1,500 over the next six months. Within a year, he says, it could easily rise to $1,700.

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