Gold price breaks through $1350 price barrier

The WGC says gold acts as a cost-effective form of financial protection.

Precious metals continue meteoric price rises.

The price of gold was recorded at a record high of over $1,350 an ounce this week.

The new peak price is the 15th record set by gold prices in just over a month.

Silver has also soared to a 30-year high and copper posted its best settlement since July 2008.

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