Gold enjoys price boost; demand for jewelry a factor
Gold is having a summer revival. The price of gold touched $1420 an ounce this week (week of Aug 31st), a three-and-half month high, as escalating tensions in the Middle East, volatile currency markets and re-newed demand for jewelry in China and India pushed prices higher. Gold has surged up 15 per cent since sinking to $1212 an ounce, its lowest level in almost three years, on June 27.
– Aug 31st Kitchener Record
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