CAPITAL MARKETS

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.

Tim Treadgold
Weak greenback drives gold

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. Dealers...

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