Gold price exceeds $1,600 per ounce

A salesgirl shows a gold necklace at a shop in Qionghai, Hainan province, on July 13, 2011. The price of gold jumped above $1,600 an ounce for the first time Monday night.

A salesgirl shows gold bracelets at a shop in Qionghai, Hainan province, on July 13, 2011. The price of gold jumped above $1,600 an ounce for the first time Monday night. [Photo / CFP]

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