| Gold settled at a fresh nominal high today — $1822 an ounce (Dec contract) — as global uncertainty continued to prompt nervous investors to seek shelter in the yellow metal. (The real all-time high for gold occurred in 1980, when it hit $825.50 an ounce, or the equivalent of about $2,300 in today’s dollars).
We sure have come a long way from the days when I was trading gold options on the floor of the Commodities Exchange of New York (COMEX)–gold was trading in the low $300’s!.............................................Full Article: Source
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