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Gold has roared to a fresh 27-year high on fears of global currency disorder and a surge of buying by Japanese investors.
Gold for immediate delivery rose US$4.59, or 0.6 per cent, to US$764.00 an ounce in London overnight, after earlier trading at US$767.09, the highest since January 1980.
Traders reported a sudden burst of activity on the Tokyo gold futures markets as the price broke through the psychological barrier of ¥3000 per gram.