Posted AT 4:30 PM EST on 08/01/08
Gold shines as it surges to record
Bullion sprinted to a record high just below the key $900 (U.S.) an ounce level Tuesday, with investors jumping into the gold rush as one report described the yellow metal as the new global currency.
Gold futures for February delivery rose to a record $884 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday, surpassing a previous high of $875 set in 1980. It closed the session at $880.30, up $18.30.
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