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Metals Stocks: Gold prices continue their march toward a six-year high

Gold prices continued their march toward a six-year high on Monday, with weakness in the U.S. dollar and 10-year Treasury yield, expectations for lower interest rates among global central banks and geopolitical concerns all contributing to haven demand for the precious metal.

“A modestly weaker U.S. dollar, as measured on the U.S. Dollar index DXY, -0.22% and slightly lower yields on the U.S. 10-year treasury note TMUBMUSD10Y, -1.93% the German 10-year, the Italian 10-year and the U.K 10-year” were all helping to lift gold Monday, said Dana Samuelson, president of precious metals and rare coin dealer American Gold Exchange.

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