Price of gold hits key 1,600-dollar-an ounce mark

epa02840812 Gold bars weighing one ton (1,000kg) in total are seen at the Czech National Bank in Prague, Czech Republic on 25 July 2011. The price of Gold has passed the 1,600 dollar per ounce mark amid uncertainty among global investors, seeing the precious metal as a safe haven amid concerns on the Eurozone debt crisis. As one of the worlds leading safe haven investments, gold has been steadily climbing this year as global investor uncertainty has increased starting with the Arab uprising early this year. EPA/FILIP SINGER