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Ghana: Gold prices soar as U.S. dollar weakens
The U.S. dollar fell to its weakest since mid-June and gold prices have soared as a result, according to a Reuters report. Spot gold reached $1,258.61 an ounce, while the dollar index fell to a three-and-a-half week low after reports showed slow wage growth. Holdings of the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, dropped to 802.24 tonnes Friday, a .15% loss. Although the U.S. economy produced more jobs in June, inflation pressures should…
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