Gold flies to record, investors seek safety

On Wednesday, Gold surged to a record high as investors sought safety from the risk of Greece’s debt crisis spreading to other countries, with demand for coins, bars and bullion-backed exchange-traded funds all climbing.

The press release is quoted as saying:

Spot gold hit $1,244.45 an ounce, a gain of nearly 20 percent since early February. It was bid at $1,238.45 an ounce at 1441 GMT (10:41 a.m. EDT) from $1,232.05 late in New York on Tuesday. U.S. gold futures hit a record $1,245.40 an ounce.

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