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0 May 28, 2010, 8:10 a.m. EDT: Gold prices edge up as dollar declines

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NEW YORK (MarketWatch) -- Gold prices rose Friday as investors bought commodities and other dollar-denominated assets as the U.S. currency fell, increasing the metal's appeal to holders of foreign currencies. Gold for August delivery, the most active contract, gained $1.20 to $1,215.50 an ounce on the Comex division of the New York Mercantile Exchange.

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