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News Link • Gold and Silver

Gold at record over $1,700; nothing eases debt worry

• Reuters

Gold vaulted above $1,700 an ounce for the first time on Monday, after the respective pledges by the G7 and the European Central Bank to quell the turbulence in the financial markets did nothing to put investors at ease.

Traders said the ECB had made good on its promise to solve the euro zone debt crisis by widening its bond-buying program to include paper from Spain and Italy, but the move was not enough to allay deep rooted concerns about Europe's spreading debt crisis


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