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Gold extends slump in turbulent week
Published Sun, Nov 9, 2014 · 09:50 PM
London
GOLD prices hit a four-year low last week, hit by persistent dollar strength, while crude oil plumbed multi-year troughs on fears over Saudi price cuts and plentiful supplies.
A rebounding greenback makes dollar-priced commodities more expensive for buyers using weaker currencies. That tends to dent demand and prices.
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