Gold price hits record high near 1,250 dollars

14th May 2010, Comments 0 comments

The price of gold struck an all-time high near 1,250 dollars an ounce on Friday, as investors sought a safe-haven in the precious metal amid mounting concerns over the eurozone financial crisis.

Gold hit a record 1,249.40 dollars an ounce at 1037 GMT on the London Bullion Market.

© 2010 AFP

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