Monday, 18 April 2011
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Gold price hits record on inflation fear
SINGAPORE (Reuters) � Spot gold hit a record high and silver rose to a 31-year high on Monday, fuelled by concerns of rising inflation globally, and as a lingering euro zone sovereign debt crisis continued to boost safe-haven demand in precious metals. Spot gold hit a record of $1,488.50 an ounce, before easing to $1,484.29 by 0252 GMT. US gold futures were nearly flat at $1,486.60. ''It
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