Gold hits new 27 year high

Published September 29th, 2007


Gold prices hit the $750 an ounce level in New York yesterday, as investors sought a safe haven away from the weakening dollar and with oil trading well over $80 a barrel, reported the AP. The yellow metal ended the quarter 15% higher, while silver also advanced 13% over the past three months. Gold prices have not been this high since January 1980 when they touched $850 an ounce. [AMEInfo.com]



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