News Summary: Gold prices hit 4-month high

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GOLDEN GLIMMER: Gold hit a four-month high after lackluster manufacturing data in China renewed expectations that it may take more action to help the economy. Gold often is used as a hedge against inflation.

CHINA’S BLUES: A survey showed China’s manufacturing production fell to a nine-month low in August. That suggests the recovery in China, a huge importer of commodities, is taking longer than expected.

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