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AP: Gold Prices Inch Higher as Dollar Weakens
 
Gold prices are slightly higher as the dollar shows more weakness and stocks tumble on Wall Street.

Energy and agriculture futures are also slightly higher.

Gold prices benefited from some weakness in the dollar, which lost ground against the Japanese yen and the euro.
Gold prices often rise when the dollar falls as the precious metal is used as a hedge against inflation. Investors believe that as the economy shows signs of improvement, inflation, or the rapid increase in prices, could surface in the future.
Source