Gold Hits $1,778 in Biggest 3-Day Rally Since 2008
August 9th, 2011Via: Reuters:
Gold hit a record high on Tuesday in its biggest three-day rally since the depths of the financial crisis in 2008, as investor fears over the threat to the global economy from the European and U.S. debt crises hit assets seen as higher risk.
Though spot prices retreated from highs as stock markets opened higher in the United States, they remained up 1.4 percent on the day at $1,739.60 an ounce at 9:42 a.m. EDT, having earlier peaked at $1,778.29.
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