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Wednesday, November 04, 2009
Gold Tips Higher In Electronic Trade After Fed
By Laura Mandaro
MarketWatch Pulse
SAN FRANCISCO -- Gold futures edged slightly higher from their floor settlement levels in electronic trading Wednesday after the Federal Reserve repeated that rates would likely remain low for an extended period. Gold for December delivery rose to $1,093.7 an ounce. They had settled $2.4 an ounce, or 0.2%, higher at $1,087.30 an ounce after reaching an intraday high of $1,096.50 an ounce.
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