Weak greenback drives gold

GOLD prices moved within sight of a 16-year high as the US dollar continued to fall and investors looked for safe havens after the US presidential election.

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In New York, gold closed at US$430.80 an ounce on the commodities exchange, up US$5.40 on the day, but down on its intra-day peak of US$434/oz.

In earlier trade in London, gold hit US$432.95.

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