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Dollar Hits Four-Month Low as Gold Tops $5,000: Markets Wrap

The dollar extended its selloff on Monday as speculation swirled that the US could coordinate intervention with Japanese authorities to support the yen. Gold topped $5,000 an ounce.

The greenback fell for a third day, losing ground against all major peers to hit the lowest since September. The yen rallied to its highest level in two months. US stock futures fluctuated. Precious metals extended their breakneck rally as gold hit a fresh record and silver surged 6%.

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