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AFP
Published
Sep 17, 2008
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Gold price rallies to 834 dollars

By
AFP
Published
Sep 17, 2008

LONDON, Sept 17, 2008 (AFP) - Gold prices advanced Wednesday as the precious metal continued to garner support from ongoing turmoil on world financial markets, traders said.



On the London Bullion Market, the price of gold rose to 834.02 dollars per ounce, from 779.50 late on Tuesday.

"What we are seeing today is safe-haven buying in the marketplace," said metals analyst James Moore at TheBullionDesk.

Gold, used in jewellery, dentistry and electronics, is regarded as a safe store of value amid times of economic uncertainty.

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