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Fed’s ‘cheap money’ lifts rand, gold and JSE

Posted by admin 481 days ago (http://www.businessday.co.za)
AFRICANEWSWIRE.NET (January, 26 2012) THE rand rallied yesterday to its strongest level against the dollar since Octobe r and gold passed $1700/oz for the first time this year as markets digested the US Federal Reserve’s decision to keep interest rates at historic lows until at least late 2014.

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