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US News

US Eagle coins spur gold rush

Gold fever — and a run on the US Mint — is forcing the government to suspend sales of American Eagle 1-ounce bullion coins.

The Mint notified authorized dealers yesterday that it has exhausted its inventory of gold 2009 Eagles.

The announcement came as gold hit a record high of just under $1,190 an ounce. Although each Eagle has a face value of $50, investors worried by the falling dollar have driven the market price up to $1,250.