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Gold Prices Slammed by Rate Hike Worries – Yahoo Finance

The U.S. dollar index was rising 0.51% to $79.02 while the euro was down 0.36% to $1.34 vs. the dollar. Brazil took the lead with an aggressive interest rate hike of 50 basis points to 11.25% after inflation almost reached 6% in 2010. One of the big …

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