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London - Gold priced in rand hit a record high on Thursday,
while the rand currency struggled at one-month lows against the US dollar, as a
wave of strikes continued to grip the country's mining industry.
Gold in rand rose by 1.8% to a record R15 185.80 an ounce. So far this year, gold denominated in rand has risen by more than 20%, compared with a 14.5% rise in the dollar price of gold, which on Thursday was trading at $1 789 an ounce, near 11-month highs.
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