Gold soars to record near $1,900 on econ woes | Reuters

Spot gold surged more than 1 percent to a third consecutive all-time high on Monday, as investors fled to the safety of bullion amid fears of another U.S. recession and the euro zone's debt crisis.

Spot gold struck a record at $1,888.90 an ounce, after staging its biggest weekly gain in 2-½ years last week. It traded at $1,888.76 by 0640 GMT.

U.S. gold jumped more than 2 percent to an unprecedented $1,895.3.

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