Gold hits 1,300 dollars for first time

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The price of gold struck an all-time high above 1,300 dollars an ounce on Friday after the dollar weakened following poor US data.

Gold hit a record 1,300.07 dollars an ounce at 1318 GMT on the London Bullion Market.

It had already reached an all-time high earlier on Friday, extending a recent record-breaking run, with the precious metal boosted by its safe-haven status amid an unclear economic outlook.

© 2010 AFP

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