Gold prices hit their highest level since 1980 yesterday, Friday, before profit-booking forced a retreat, reported Reuters. Spot gold was at $732.5 an ounce late on Friday in New York after having reached $739 in Europe earlier in the day. The run on the gold price has stoked inflation fears, especially in the US. [AMEInfo.com]



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Posted: 09|22|07 at 3:46 am. Filed under: News.