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Shunned for years, gold stages comeback as equities melt down

Gold’s prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial markets. The last time gold prices rose more than 10% in a 10-day stretch, the bullion market was in the last gasp of a decade-long rally that soon peaked at more than $1 920 per ounce in 2011.