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$740 & Rising

September 28, 2007

The December futures contract for gold was up another $4.70 Thursday taking the yellow metal over $740 for a close. “Gold is a great bet,” said Walter Otstott, senior broker at Dallas Commodity Co. “The euro is strong. You have high energy prices. You can’t help but see the inflationary pressures building.”  Gold is now up over 10% for the last 30 days of trading, or mroe than $68 an ounce.

Written by Ernie · Filed Under Gold News 

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