AFP
Sep 17, 2008
Gold price rallies to 834 dollars
AFP
Sep 17, 2008
LONDON, Sept 17, 2008 (AFP) - Gold prices advanced Wednesday as the precious metal continued to garner support from ongoing turmoil on world financial markets, traders said.
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On the London Bullion Market, the price of gold rose to 834.02 dollars per ounce, from 779.50 late on Tuesday.
"What we are seeing today is safe-haven buying in the marketplace," said metals analyst James Moore at TheBullionDesk.
Gold, used in jewellery, dentistry and electronics, is regarded as a safe store of value amid times of economic uncertainty.
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