Gold Hits Multi-Month High, Stocks Struggle

Courtesy Topix - Business News  Wed, 09/02/2009 - 15:21

Gold prices surged Wednesday as a weakened US dollar weighed into the mix and more investors looked toward the yellow metal as US stocks struggled and slid for a fourth consecutive day.

In the end, gold hit a three-month high, nearing $980 an ounce. In other commodities, silver leaped forward 30 cents, platinum climbed timidly, and crude oil remained unchanged.

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