SINGAPORE: Gold soared to a record on Monday as a shaky global economic outlook spurred safe-haven buying, while Brent crude slid $2 on hopes Libya will resume oil production soon as a six-month conflict in the country seemed to be nearing an end.
Fears the U.S. economy could slide into a recession after a recent spate of poor data and Europe's debt crisis fueled gold's surge to a 10th record high this month and analysts predict bullion could hit $2,000 soon, given the strong momentum.
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