Hong Kong gold closes at record high

The precious metal closed at $1,468.50-$1,469.50, well up from Thursday's close of $1,459.00-$1,460.00.

It opened at $1,458.00-$1,459.00.

Investors were also looking to the United States where President Barack Obama is trying to pass a government spending bill, with a possible government shutdown boosting gold as it could keep Fed monetary policy easier for longer.

 

Copyright AFP (Agence France-Presse), 2011 

 

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