Gold Prices Reach New Nominal High: $1,254
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Investors were selling stocks on a flurry of disappointing economic data including higher-than-expected weekly initial jobless claims and were hedging their bets with gold. Lackluster risk appetite was buoying higher prices, and momentum buying tried to push gold past its record of $1,254 an ounce.
Right now gold is tracking at $1,246.40. Track it in real time yourself with the free app, ExactPrice.