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NEW YORK — Gold edged higher Friday, recovering some of its recent losses, even as the dollar strengthened. After weeks of record-setting gains, gold prices have fallen about 10 percent from a high of $1,227. As the dollar has weakened this year amid record-low interest rates, gold prices have risen sharply. Many investors also believe that the Federal Reserve may raise interest rates sooner than expected as the economy improves, which would boost the dollar. Oil prices gained on the Nymex after word that Iranian troops crossed into Iraq and seized one of the country’s largest oil fields. read more

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