As of Late, Gold Is Behaving Like an Actual Commodity
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
The enthusiasm of gold bugs is lately justified as traders pushed gold prices north of $500 an ounce this week with several consecutive record sessions. The spot price yesterday jumped another 1% to $519 an ounce – the highest level since 1981 and ahead 18% so far this year.
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