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Gold price hits new record high

14-Sep-2010

The price of gold hit a record high on Tuesday, with analysts giving a number of reasons for its rise.

Both the price of the actual metal and the price for buying it at a future date rose more than 2% to $1,274.75 an ounce.

It was the biggest one-day gain for the commodity in four months.

One of the factors spurring investors is gold's traditional role as a so-called "safe-haven" investment at times of economic uncertainty.

Gold twelve month chart

FOREX GOLD INDEX(PM FIX) $/OZ

Source: BBC NEWS


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