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Gold hits record high of $1,800; Fed expects zero interest rates until mid-2013

Michael Allan McCrae | August 09, 2011 | 9:49 pm Precious Metals Europe Gold 

Gold hit $1,800/oz on Tuesday and closed the day at $1,743/oz due to ongoing turbulence in the financial markets According to MarketWatch, gold has gained 23% this year and has risen 5.5% alone this week. The Federal Reserve, which met...

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