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Dollar decline continues as stocks jump
Quick ReadDecline of safe-haven buck back as housing data spurs markets, Fed official supports low rates
NEW YORK (AP) — The safe-haven dollar began the week lower as a Federal Reserve official urged the continuation of stimulus programs and as home sales in October greatly exceeded market expectations, revving up traders' taste for higher-yielding assets.
Gold prices surged to a new record high of $1,174 an ounce as investors looked for an alternative investment to a declining buck. The commodity...
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