Gold price breaks 28-year record to hit new peak

GOLD price soars to record high, beating previous highest level set 28 years ago.

Unrest in Pakistan, a faltering dollar and surging oil futures sent the price of gold soaring to a record high on Wednesday, beating its previous highest level set 28 years ago.
The precious metal rose to 859 dollars, smashing its peak of 850 dollars an ounce reached on January 21, 1980.
It later slipped back to 855.28 dollars on profit-taking.