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Gold price hits record at $1,600 on debt uncertainty
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The price of gold jumped above $1,600 (£1,000) an ounce for the first time as debt worries in the US and Europe continued to trouble investors. The precious metal rose $12.30 to settle at $1,602 an ounce in London trading. Gold is considered a safe investment and usually gains at times of global economic uncertainty.
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Dr. Alan Cairns | 3/9/2009
