Gold Prices Go Above $1,800 an Ounce

Posted August 10th, 2011 at 1:45 pm (UTC-5)
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The price of gold roared to a new record-high in Wednesday's trading, going as high as $1,801 per ounce in New York trading.

Prices gained more than $50 as stock market prices plunged in Europe and the United States.

Prices eased downward in later trading.

Gold is a traditional place for investors to put their money in a time of economic trouble.