Gold hit a new record price of more than $1,500 an ounce on Thursday. Economists say the recent strength of the precious metals market shows that investors are looking for a safe haven for their money as they worry about inflation, the strength of the dollar, oil prices, and shocks from Europe, Japan, and the Middle East. Gold tends to be an economic indicator: The worse the economy is doing, the higher the price of this age-old commodity.
"When gas goes up, we expect calls. When the dollar...
Is Now the Time to Sell Your Gold? originally appeared on DailyFinance.com on Mon, 25 Apr 2011 16:00:00 EST. Please see our terms for use of feeds.
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