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Gold rising: at its highest level in August
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Monday, August 31, 2009
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By Daily Crux Editor Justin Brill:

Gold continues to make a new assault on the $1,000 mark. Gold for immediate delivery rose for the fifth day in a row to $960 an ounce in overnight trading. It's the highest level for the yellow metal in August.

And good contrarian news for gold longs: The GLD gold ETF is holding its smallest amount of gold since March. This latest rise hasn't brought in the crowd yet…

Read full article…

More on gold:

Why you should buy gold today

Contrarians, it's time to buy gold

World's largest untapped gold and copper deposit moves closer to development

Topics: Gold | Precious Metals | Commodities
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