The price of gold in euros and British pounds climbed to a record as both currencies slumped, Bloomberg has reported. Bullion denominated in pounds has advanced more than 10% against spot gold this year, while gold in euro terms has risen about 8.1%, as the currencies tumbled on concerns about recovery prospects in Europe. Immediate-delivery gold traded at $1,117.97 an ounce at 11:16 a.m. Singapore time, according to the news service.
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