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Gold surges back into bull market

Prices of the precious metal rise even as global stocks rally

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Published Fri, Mar 4, 2016 · 09:50 PM

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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