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Looming Debt Crises Boost Gold Prices

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Looming Debt Crises Boost Gold Prices

Business

Looming Debt Crises Boost Gold Prices

Looming Debt Crises Boost Gold Prices

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  • <iframe src="https://www.npr.org/player/embed/138462426/138462415" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

There are debt crises and possible defaults looming on both sides of the Atlantic, and this has investors looking for safe places to park their money. Gold is always attractive when the going gets rough. So many investors are piling into the precious metal that prices have been rising for the last 10 days.

(Soundbite of music)

MARY LOUISE KELLY, host:

NPR's business news starts with record gold prices.

(Soundbite of music)

KELLY: There are debt crises and possible defaults looming on both sides of the Atlantic, and this has investors looking for safe places to park their money. Gold is always attractive when the going gets rough. So many investors are piling into the precious metal that prices have been rising for the last 10 days. Gold prices have now reached $1,600 an ounce.

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