10 Hrs
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Gold up as dollar falls
Spot gold rose 1.9% to $4,134.82 an ounce after reaching $4,146.63, its highest level since late October. December futures gained 1.8% to $4,145.10. The gains followed the results of the U.S. congressional midterm elections, as the dollar, Treasury yields and energy prices fell, easing inflation concerns and boosting gold’s appeal. Gold had risen 3.4% in the previous session, while oil fell below $100 a barrel.
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