Gold surges back into bull market
Prices of the precious metal rise even as global stocks rally
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New York
GOLD is back in a bull market for the first time since 2013, with prices rising even as global stocks advance.
"Gold and equities rallying together is a positive story for bullion," Jordan Eliseo, Sydney-based chief economist at trader Australian Bullion Co, said. "The rally in equities is based on a belief in even more extreme monetary measures by developed market central banks, so it's not surprising to see gold rally in this environment too."
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