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Gold rallies 6% as Fed's plan fuels inflation worries
Posted on March 19, 2009 at 08:02 AM EDT
Gold futures rally more than 6% Thursday to above $940 an ounce on expectation that the Federal Reserveâs plan to buy $300 billion in longer-term Treasurys may stir inflation, raising goldâs appeal as a hedge against rising prices.
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