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Commodity prices rise, gold again hits new record
Quick ReadWeakening dollar helps lift commodity prices; gold touches another new record
NEW YORK (AP) — Gold prices surged to a new record and other commodity prices also rallied as the dollar fell back against other currencies.
In what is becoming a nearly daily occurrence, investors are backing away from the dollar Wednesday, helping bolster demand for commodities. Many commodities are traded in dollars so when the dollar weakens it makes the price of commodities more attractive...
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