Gold hits record closing high on Nymex – MarketWatch

Gold Key, weighing one kilogram is used to acc...

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By Laura Mandaro

SAN FRANCISCO (MarketWatch) — The most widely traded gold contract posted a new settlement high Tuesday, as investors ploughed into assets seen as safer during times of economic distress. Fueled by a report that the European bank stress tests masked some problems, gold for December delivery ended $8.20, or 0.7%, higher at $1259.30 an ounce. That topped the settlement high for a most-active gold contract hit in June, of $1258.30 an ounce.

via Gold hits record closing high on Nymex – MarketWatch.

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