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Gold fever as price hits new high

08-10-2011 15:27 BJT

Gold futures on the COMEX division of the New York Mercantile Exchange rallied on Tuesday, sending gold prices to a new high, after the US Federal Reserve said it will keep interest rates low "at least through mid-2013," which lowers the opportunity cost for gold investors.

The most active gold contract for December delivery added $29.80, or 1.7 percent, to $1,743 per ounce, the highest closing in history.

Here are some unexpected things made of gold:

Ryota Mizoguchi, of Japanese automotive accessories company D.A.D, checks a
Mercedes-Benz SL 600 covered by 300,000 Swarovski gold shadow crystal pieces,
designed by D.A.D, at Makuhari Messe in Chiba, east of Tokyo, Jan. 15, 2010.
[Photo / CFP]

A model wears 4 million-yuan gold underwear at a wedding
exhibition in Chongqing, June 26, 2009. [Photo / CFP
]

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