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'Asia sees gold value climbing as recession drives investors' gold gains in asia

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Asia sees gold value climbing as recession drives investors

-- gold gains in asia

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02/20/09 08:52

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For the third day in a row, gold has risen in Asia as the global recession drives investors to buy gold to store their assets.~~

Government spending and low interest rates prompted investors to buy metal as an alternative to currencies declining in value.

The driving force behind gold prices is "flight to quality or Safe haven" as uncertainties about financial markets continue across the globe.

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