Gold hit a record high on Wednesday, as investors made a beeline for bullion to shelter from the impact of a deteriorating global economic outlook and Europe's worsening debt crisis. Spot gold rose to an all-time high of $1,671.39 an ounce, hitting its ninth record in 16 trading sessions and up 17 percent so far this year.
It was trading at $1,661.89 by 0632 GMT, up 0.2 percent from the previous close. US gold scored a record high at $1,674.6, and eased to $1,664.7.
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