Gold strikes record settlement in last trading day of 2010

14:16, January 01, 2011      

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Gold futures on the COMEX Division of the New York Mercantile Exchange rose to a record settlement price amid low trading volume on Friday, the last trading day of 2010, as U.S. dollar retreated against its major rivals, enhancing gold's appeal as an alternative investment.

The most active gold contract for February delivery jumped 15.5 dollars, or 1.1 percent, to 1,421.4 dollars per ounce. The gold price capped the 10th straight annual gain by jumping 29.7 percent this year.

Source: Xinhua
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