Hong Kong gold hits record high

HONG KONG, September 17, 2010 (AFP) - The price of gold struck a record high above 1,280 US dollars an ounce in Hong Kong trade on Friday.
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Gold is seen as a safe haven investment and also a hedge against inflation. The precious metal rose to 1,280.
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20 US dollars an ounce in afternoon trading, after opening at 1,274.
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00-1,275.00 dollars.

It has marked up a series of record highs this week, hitting almost 1,278 dollars on Thursday.

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