Gold hits four-month high

Gold hits four-month high

Those of you who read my recent article will not be surprised by this post's heading.

Gold futures surged over $6 to a four-month high of $416.80 per ounce Friday on heavy speculative buying spurred by concerns about global economic stability.

Gold's bias has been rising in recent days as high oil prices are seen posing a threat to global economic growth and the commencement of the Olympic Games in Greece raises terrorism concerns.

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