16
February
Gold Rises to Highest in Almost Four Weeks on Inflation Concern (GC in Bloomberg)
16 February 2011 Bloomberg.com
Gold futures climbed to the highest in almost four weeks as rising consumer prices boosted demand for the precious metal as a hedge against inflation.
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“Currency debasement and higher food and energy prices are leading to an inflation surge in both developed and emerging markets,” Goldcore Ltd. in Dublin said in a report.
