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NEW YORK - MARCH 6: Prospective buyer Chris Smith (R) inspects a watch as jeweler Gabriel Jacobs talks on the phone in Avianne & Co. in the "Diamond District" March 6, 2007 in New York City. The price of gold hit a new record, climbing as high as 991.68 dollars per ounce following a weak dollar and nearing the symbolic $1,000 level.