Gold hits new high on economic worries and weak dollar

On Friday, Gold surged to a new record and silver struck a new 2- year high on investor concerns over global economic prospects, while a weak dollar helped boost sentiment.

The press release is quoted as saying:

Spot gold hit a high of $1,280.1 an ounce, before easing to $1,279.2 by 0600 GMT, on course for a 2.9-percent rise from a week earlier, the sharpest in more than 3 months.

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