Commodities

Gold Surges As U.S. Dollar Slumps After Inflation Data

Extending a recent upward trend, the price of gold moved sharply higher during trading on Wednesday, reaching the highest levels in three weeks.

Gold for August delivery surged $24.60 or 1.3 percent to $1,961.70 an ounce after rising $6.10 or 0.3 percent to $1,937.10 an ounce on Tuesday.

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by RTTNews Staff Writer

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