Gold Prices Hit Record High - WAOW - Newsline 9, Wausau News, Weather, Sports

Gold Prices Hit Record High

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(CNN)--Gold prices get a boost from Europe's debt crisis and uncertainty over the U-S debt ceiling.

While stocks sold off sharply today, gold prices ended at a record high of 16-hundred, two-dollars an ounce.

Silver prices also moved higher, rising above 40-dollars an ounce for the first time since early May.

The U-S dollar gained versus the euro and oil prices fell more than two-percent Monday.

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