Gold price hits record

Baku. Vahab Rzayev – APA-Economics. Gold price for December delivery rose to $ 1397.7 per ounce at NYMEX and exceeded previous day’s rate by 1.9% hitting new historic maximum, APA-Economics reported.
Gold prices rose sharply on Thursday after the Federal Reserve’s announcement that it would purchase an additional $600 billion in long-term treasuries to boost the economy, driving down the dollar and pushing stocks and commodities higher.
Gold prices rose sharply on Thursday after the Federal Reserve’s announcement that it would purchase an additional $600 billion in long-term treasuries to boost the economy, driving down the dollar and pushing stocks and commodities higher.
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