Gold prices rose above $1,250 an ounce to hit their highest level yesterday as investors piled money into the yellow metal amid falling markets elsewhere.
Spot gold in London hit a nominal peak of $1,251.20 a troy ounce, beating the previous high of $1,248.95 set on May 14.
Adjusted for inflation, gold prices are still a long way from their all-time high above $2,300 an ounce in 1980.
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