Gold Surges to Record as Inflation Concern Stokes Demand

Bloomberg reported that gold reached a new high over inflation concerns.

The market news is quoted as saying:

Immediate-delivery bullion, which has rallied every year since 2001, gained as much as 0.4 percent to $1,479.35 an ounce and was at $1,474.45 at 11:30 a.m. in Singapore.

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