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Gold surges to fresh all-time high near $1595

Nasdaq | July 14, 2011 | 12:36 pm Precious Metals Europe Gold 

Gold reached a fresh record high on Thursday as investors continue to seek for the metal as a refuge after Moody’s placed US top-notch credit rating on review for a downgrade and hints of QE3 from the Fed.

The yellow metal has also been supported by ongoing concerns over the euro zone debt crisis that deepened after Fitch downgraded Greece rating to CCC on Wednesday.

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