Gold futures tap another fresh high

25 November 2009  MarketWatch

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Gold futures climbed to a fresh record of $1,180 an ounce Wednesday, after a report that India is open to buying more gold from the International Monetary Fund drew even more investors into the bullion market.

The U.S. dollar fell against other major currencies, further boosting gold's appeal as a hedge against inflation.

Gold for December delivery rose to a fresh contract high of $1,180 an ounce in electronic trading on Globex. It was last up $10.70 at $1,176.50 an ounce.

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