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Metals - Gold hits fresh 1-month high as Bhutto's death sparks jitters| 27 Dec 2007 | 09:12 AM ET Font size: LONDON (Thomson Financial) - Gold hit a fresh one month high as geopolitical jitters, stoked by the killing of Pakistan's opposition leader Benazir Bhutto, sparked buying.

The precious metal is traditionally bought in times of geopolitical nervousness as a safe haven asset.

Kitco analyst Jon Nadler said that "anytime anyone gets killed like that, it's pretty bad for the global jitters".

Pakistan opposition leader Benazir Bhutto was killed today in a suicide attack at a campaign rally, the interior ministry told AFP. A suicide bomber blew himself up just after the rally and it was not immediately clear how she died.

Gold rose to 830.40 usd an ounce, its highest value since Nov 27, as the news hit the wires.

At 1.55 pm, spot gold was trading up at 829.58 usd per ounce against 825.50 usd in late New York trades yesterday.

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