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Message: Nervous investors turn back to gold; price nears $900

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Nervous investors turn back to gold; price nears $900

posted on Jan 23, 09 05:24PM


Gold may be reclaiming its position as investors' favorite haven in troubled times.

The metal surged $37.10, to $895.30 an ounce, in New York futures trading today, the highest closing price since early October. The price has jumped $88 just in the last five sessions.

Amid the economy’s slide in November and December, many investors’ first choice for a hiding place was government bonds, including U.S. Treasuries.

http://latimesblogs.latimes.com/mone...



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