Gold Tops 500 for First Time in 18 Years

Summary


GOLD today burst through $500 an ounce for the first time since 1987.

Traders said the move to the safe-haven metal was fuelled by fund managers' fears of resurgent inflation and geopolitical uncertainty. Plat i num breached the psychological $1000-an-ounce level, hitting its highest since 1980.

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Gold Tops 500 for First Time in 18 Years

Spot gold touched a high of...

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