Gold hits record highs in euro, sterling terms Fri Jan 23, 2009 5:43am EST Market News Oil pares losses on evidence of OPEC supply cuts Stock futures lower on corporate, economic anxiety General Electric up after fourth-quarter results More Business & Investing News... Featured Broker sponsored link LONDON, Jan 23 (Reuters) - Gold rallied to record highs on Friday in both sterling and euro terms as volatility in the equity and currency markets prompted buying of gold as a haven from risk.
Gold priced in euros <XAUEUR=R> rose to a record high of 685.70 an ounce, up from a previous high of 685.37 reached in October. Sterling-priced gold <XAUGBP=R> climbed to an all-time high of 648.51. (Reporting by Jan Harvey; Editing by Peter Blackburn
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