Gold prices hit all-time high

Gold has broken the $1500 (€1,032) an-ounce barrier for the first time.

Gold has broken the $1500 (€1,032) an-ounce barrier for the first time.

Analysts have said fears over the global economy have sent investors looking to safer investments.

The precious metal has hit a fresh all-time high in the wake last Monday's shock debt downgrade warning for America.

Silver prices have also reached a 31-year record.

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