Gold hits record on weak dollar, silver at 31-year top

15 April 2011  Reuters

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Gold jumped to another record high on Friday after the dollar fell to its lowest since late 2009 against a basket of major currencies, taking silver to a 31-year high, while inflation pressures in China also helped lift bullion's appeal.

China's turbo-charged growth eased just a touch in the first quarter, while its inflation jumped to a 32-month high, putting pressure on the government to do more to rein in prices and keep the economy on an even keel.

http://www.reuters.com/article/2011/04/15/us-markets-precious-idUSTRE73786N20110415