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Gold tops $1,150

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Gold tops $1,150

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Gold prices have hit a record high as the dollar slumped against a basket of currencies to its lowest level in 15 months.

Gold rallied to its strongest-ever level above $1,150 an ounce. Spot gold prices have risen by nearly 10 percent so far this month. Recent bullion purchases by central banks, particularly India, have boosted prices.