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Material | June 20, 2008

Gold approaches $900 an ounce - again!

Gold rose to its level in more than a week to $895.05 an ounce early today.

It went up to $895.05 an ounce on Thursday, its strongest level since June 9 ($908.70). However, it stayed well below the all-time high of $1,030.80 hit in mid-March. The dollar fell as the Federal Reserve was said to raise interest rates aggressively, reports BBJ. Oil fell 44cents to $136.24 a barrel as Nigeria intervened to avert a crippling strike at US based Chevron.
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