Gold price soars to record above 1,258 dollars an ounce

18th June 2010, Comments 0 comments

The price of gold surged to an all-time high point above 1,258 dollars an ounce on Friday, on the back of the weaker US currency and after downbeat US economic data, traders said.

In afternoon trading on the London Bullion Market, gold hit a record 1,258.38 dollars an ounce.

© 2010 AFP

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