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Gold surges, shares drop as January slumber lifts

by Chris Marshall on Jan 23, 2014 at 17:24

The pound continued to rise, up 0.1% to $1.6597 to add to yesterday’s strong gains after a sharp fall in the UK unemployment rate potentially laid the ground for an earlier end to rock-bottom interest rates than previously expected.

Investors are looking ahead to this afternoon’s data on US existing homes sales for December.

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