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?
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?