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0 Gold Tops $1,200, Reaches Five-Month High on Demand for Haven

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May 6 (Bloomberg) -- Gold prices topped $1,200 an ounce, extending a rally to a five-month high, on demand for a haven from financial turmoil in Europe. “The monetary situation is rapidly deteriorating in Europe,” said Philip Gotthelf, the president of Equidex Brokerage Group Inc. in Closter, New Jersey. “Gold can shine even if the dollar soars.”

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