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Gold, I love it!
Gold Stages Biggest Gain Ever in Bid For Safety
GOLD, SILVER, METALS, STOCK MARKET NEWS, COMMODITIES By CNBC.com CNBC.com | 17 Sep 2008 | 02:26 PM ET Gold staged its biggest one-day move ever Wednesday, with investors flocking to the metal amid a tidal wave of stock market uncertainty. The price of gold skyrocketed more than $80 an ounce, or 10.74 percent, easily besting the previous largest dollar move of $63 on Jan. 29, 1980, and past the largest percentage gain of 10.24 on March 19, 1980. With stock indexes tumbling as much as 4 percent during the day, traders took haven in gold as a hedge against the Wall Street fallout. © 2008 CNBC.com URL: http://www.cnbc.com/id/26759053/ |
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