Gold climbs as debt fears fuel buying

On Wednesday, Gold rose to a five-week high in Europe and held near record levels in euro terms on the back of strong physical demand and as investors, worried by the outlook for the eurozone economy flocked into hard assets.

The press release is quoted as saying:

Spot gold peaked at $1,143.45 an ounce and was bid at $1,142.15 an ounce at 1332 GMT (9:32 a.m. ET), against $1,133.20 late in New York on Tuesday.

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