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“The U.S dollar's global currency status is shaky and the creditworthiness of dollar assets is falling,” said Mr. Xu, who noted he was speaking in a personal capacity.
He said he expected the dollar to weaken further in 2008 under the impact of the gaping U.S. trade deficit. That could push the price of gold to $1,000 an ounce from a 28-year peak of $840 scaled on Wednesday, Mr. Xu said.
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