'Safe haven' gold soars to record high

The price of gold soared to its highest level yet today as investors fretted over the prospect of further cuts in US interest rates.

'Safe haven' gold soars to record high

The price of gold soared to its highest level yet today as investors fretted over the prospect of further cuts in US interest rates.

With a rash of political instability across the world and a weakening dollar, spot prices for gold hit 860 US dollars in New York, breaching the previous high of 850 US dollars set in 1980.

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