Gold price hits record high above $1,450 an ounce

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Gold hit a record high above $1,450 an ounce in trading here Tuesday as the 'safe haven' metal won support from worries over geopolitical unrest, surging oil prices and a Chinese rate hike, traders said.

The price of gold reached $1,450.65 an ounce at 1515 GMT on the London Bullion Market, beating the previous record of $1,447.82 set on March 24.

© 2011 AFP

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