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11-May2011

Gold Increases For Third Effective Session On Lingering Euro-Zone Debt Issues

Gold commodity rose up for the 3rd following time on Tuesday after traders continuing to run away unsafe features and higher containing foreign currencies and got refuge within the safe place as issues over Greece`s sovereign debts concerns loomed big. The additional benefit possibilities for yellowish metal rates was restricted to the affection in the united states dollar against a container of foreign currencies that made the greenback denominated item less profitable for slots of other foreign currencies.

Gold commodity for June supply rose by $13.70 to stay at $1,516.90 an oz on the Comex department of NYME , whereas the spot yellow metal rates increased $3 to $1,516.10 an oz.

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