HONG KONG: The price of gold soared to a record 1,164.85 US dollars an ounce in Hong Kong on Monday as dealers moved into the safe haven commodity due to the weak greenback, analysts said.
The precious metal was up from Friday's close of 1,145.00-1,146.00 dollars as stocks on Wall Street suffered a third straight loss and as the US unit continues to struggle due to super-low interest rates.
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