On 9 August 2011, Gold price hit new high of USD$ 1,782.50 / oz!
The gold market has gone parabolic, meaning that price gains this week have accelerated markedly–and almost vertically on the daily charts. Gold is seeing very strong safe-haven investment demand.
~ from kitconews.com
If you bought your gold before 8 August 2011, i think you are laughing by now. As the United States credit rating was downgraded, stock market slumped after the credit rating news, now investor see the gold market is one of the safe haven for them!
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