| GEO Business|
Hong Kong gold closes above 1,280 dollars
| Updated at: 1351 PST, Friday, September 17, 2010|
HONG KONG: Gold closed at 1,281.50-1,282.50 US dollars an ounce in Hong Kong on Friday, after breaking through the 1,280 barrier as traders snapped up the safe-haven asset.
After opening the day at 1,274.00-1,275.00 US dollars an ounce, the precious metal finished up from Thursday's close of 1,266.00-1,267.00 dollars.
Gold has marked up a series of record highs this week after the European Union warned that fears of a resurgent eurozone debt crisis were likely to stunt the region's economic growth prospects this year.