World Economic News » Blog Archive » Why gold keeps breaking records
Of course, gold is considered a safe-haven investment in times of economic uncertainty. After the stock market’s so-called “flash crash” last week, gold jumped 2%. Choppy trading since then has further boosted the metal’s appeal. Gold for June delivery reached as high as $1249.70 Friday, a record for intra-day trading of the active contract, before settling 0.13% lower at $1227.60. Two days earlier, gold hit a record high settlement price of $1243.10 an ounce on the …
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