Gold Reaches Record High, Could Hit $1,300 This Year

Gold prices hit a record high Tuesday and may reach a record $1,300 an ounce later this year as investors fearing debt crises and potential inflation from interest rate cuts may put more of their money into the precious metal.
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UK Food Prices Rise the Most in a Year

British food prices rose at the fastest rate in a year in August thanks to higher prices for commodities.

Food prices increased at an annual rate of 3.8% in August, compared with 2.5% in the previous month, Bloomberg News reported, citing a statement…