Description: The gold rally revved up again Friday, nearly hitting a record $1,250 an ounce, before slipping later in the day in volatile trade. Stock market jitters and Europe’s debt troubles have sent investors flocking to the precious metal, but why?
Source:Â CNNMoney.com
Date: 05/14/2010
Link: http://money.cnn.com/2010/05/14/markets/gold_record/index.htm
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Questions for discussion:
- Why has gold risen in price?
- Why are currencies in trouble?
- What is your behavioral expectation for gold and major global currencies over the next six months?
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