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Gold rises back above $1,060/oz as dollar falls

3/11/2009 2:12:38 AM

LONDON, Nov 2 (Reuters) - Spot gold rose back above $1,060 per ounce on Monday, bringing a recent record high at $1,070.40 in sight as the dollar extended losses against the euro on stronger than expected U.S. manufacturing data.

By 1504 GMT, spot gold had hit a session high of $1,062.70 per ounce, compared with $1,044.40 quoted late in New York on Friday. The dollar index was last down 0.3 percent <.DXY>. (Reporting by Veronica Brown; Editing by Sue Thomas)

© 2008 Thomson Reuters. All rights reserved.Click for Restrictions

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