Gold hits highest since May
The price of gold rose by 0.4% to reach $4,668.19 per ounce, marking its highest level since mid-May, amid increased buying due to fears of a decline in the US dollar's value following the Treasury Department's announcement of an increase in long-term bond repurchases. Other precious metals also saw gains, with silver rising 0.3% to $69.16, diamond prices increasing 0.4% to $1,883.93, and palladium up 0.2% to $1,359.
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