Bullion goes berserk as investors chase it to mid highs
Spectacular and ever increasing jumps in the price of man's most treasured metal have become almost routine: from $400 per oz. in October to $500 in late December, to $600 in early January. Last week gold left even its most frenzied boosters gawking in astonishment. In five wild and erratic trading days it leaped by an incredible 34%, closing the week at $808 in New York, at $823 in Hong Kong, $835 in London and Zurich.
It was one of the most dazzling run-ups in history, and it underscored the enduring psychological lure...
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