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MARKETS COMMODITIES
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August 08, 2011
A Nepalese jewellery store keeper arranges gold jewellery in Kathmandu August 8, 2011. Gold hit an all-time...
Kathmandu, Nepal
A Nepalese jewelry store keeper arranges gold jewelry in Kathmandu
A Nepalese jewellery store keeper arranges gold jewellery in Kathmandu August 8, 2011. Gold hit an all-time high on August 8, 2011 and investors sold off other commodities from oil to grains, fleeing from riskier assets after the U.S. loss of its prized AAA credit rating stoked fears about economic growth. Gold broke through the $1,700 per ounce mark for the first time, extending its bull run as a safe haven asset amid worries for global growth after agency Standard & Poor's (S&P) cut its rating for U.S. debt late on Friday (August 5, 2011). REUTERS/Navesh Chitrakar (NEPAL - Tags: BUSINESS)
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