Gold price hits record-breaking $1500 an ounce

Baku � APA-ECONOMICS. The price of gold has topped $1,500 (�917) an ounce for the first time as investors head for relative safety amid global economic uncertainty, UK Net Guide reported. Worries over inflation across the world, the European debt crisis and Standard & Poor's downgrade of US debt are all thought to be factors behind a surge in demand which pushed the price to $1,500.70 an ounce

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