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Gold Rises Above $1,900 as Growth, Debt Concerns Boost Demand
Gold gained above $1,900 an ounce in London as concern about slowing economic growth and Europe’s debt woes spurred demand for a protection of wealth. European equities dropped after an election loss for German Chancellor Angela Merkel’s party spurred concern that support for bailing out Europe’s indebted nations may fade. Bullion jumped 3.1 percent on Sept. 2, the most in almost four weeks, as data showed the U.S. jobs market stalled in August, fueling concern the country’s economy may be headed for a recession. “With the implications of Friday’s U.S. payrolls report and intense focus on European ... (full story)
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