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Flight to safety sends gold to 9-wk high as stocks slump

Gold climbed above $1 100 an ounce for the first time in nine weeks on Thursday as investors channelled money into the safe-haven metal amid a global stock market rout, worries over the Chinese economy and heightened geopolitical tensions. China stocks fell 7% on Thursday after less than half an hour of trading, triggering a circuit breaker that suspended trading for the rest of the day.