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Gold Prices Hit 7-month High

February 17, 2009 – Comments (1) | RELATED TICKERS: IAU , SHY

Gold prices hit a 7-month high today, touching $970 an ounce, as investors seek a safe haven from a plunging market that seems poised to retest their November lows. Persistent economic worries and news of another multi-billion dollar fraud scheme is driving up the price of precious metals and US treasuries, in an apparent and widespread flight to safety.

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