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Friday, June 5, 2009
GOLD SURGES ON CONCERNS ABOUT
INFLATION, DEFICIT SPENDING
CNN/MONEY: Gold prices leaped to a near-record high Thursday on news of a weak dollar and inflationary concerns. The price of the precious metal could break $1,000. Tom Pawlicki, a precious metals analyst at MF Global, said "Budget deficits create worries in the market that more money will have to be printed...The dollar will suffer in this environment." . . .READ MORE
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