Gold Surges, Copper Rallies
Aug 22, 5:24 AM EDT |
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| Losses in the dollar, rising crude-oil market, and tensions surrounding Iran lifted gold, while copper gained on criticism over sweetened offer. |
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| Union criticism of an improved contract offer at the world largest privately owned copper mine, shut down now by a strike, kept high-grade copper futures on the rise in New York on Monday. Gold advanced due to losses in the dollar, a rising crude-oil market and tensions surrounding uranium enrichment program of Iran. |
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