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Gold hits 16 month high, oil hits all time high

Mon Sep 17, 2007 10:09PM | By Joe

See more in Economy | Permalink | Email | Comments (0)

Gold is around $715 per once, probably will go down a bit. Bank of Spain, the largest seller of gold this year under the central banks’ gold agreement, plans no more significant sales of the metal. The oil touched $81.18, which is the all time high price for crude and closed at the highest ever, $80.57. Fed is meeting tomorrow with expectations to lower the prime rate by at least .25%.

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