Fool‘s Gold

Gold was languishing at US$741 on 11th September. Over the next two days, it jumped to US$780, paused there for a day and then, suddenly, in just two days flat (17th and 18th September), it jumped to hit almost US$910. This astounding two-day move was caused by the financial crisis that has hit the US and Russia. For much of the period in the past two years, gold was a play on the strong euro...

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