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Gold rises above $1,600/oz as debt fears simmer

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Mon, 18 Jul 11 7:01 PM | 1300 view(s)
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Gold rises above $1,600/oz as debt fears simmer

LONDON (Reuters) - Gold prices rallied to record highs above $1,600 an ounce in Europe on Monday as investors spooked by the euro zone debt crisis and the threat of a U.S. default bought into the metal as a haven from risk.

Jan Harvey

LONDON
Mon Jul 18, 2011 10:30am EDT

link-
http://www.reuters.com/article/2011/07/18/us-markets-precious-idUSTRE7592IU20110718




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