Financial Times FT.com

Prospect of Dubai default bolsters gold

By Javier Blas and Anjli Raval

Published: December 1 2009 13:21 | Last updated: December 1 2009 22:37

Gold prices rose above the $1,200 a troy ounce level on Tuesday, hitting an all-time high, boosted by renewed US dollar weakness and strong buying amid Dubai’s debt woes.

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