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Spot Gold Soars to Fresh Record High as Stocks Plunge
Aug. 10, 2011 06:09PM PST
Precious Metals InvestingReuters reported that falling stock markets caused gold prices to increase to a new record high.
Reuters reported that falling stock markets caused gold prices to increase to a new record high.
The market news is quoted as saying:
Gold, regarded as a safe-harbor investment when shares fall, has broken cleanly above technical resistance from a near three-year trend-channel and putting its ratio to the S&P-500.
