Hints and tips:
...Gold, traditionally seen as a safe asset during times of financial distress or in times of dollar weakness, fell by more than 3 per cent to $1,940 a troy ounce....
...Demand for physical gold has “overwhelmed the system,” said Willem Middelkoop, founder of the Commodity Discovery Fund....
...Moreover, continued central bank purchases of gold — both China and Russia added to their reserves last month — have done little to lift the metal’s price, which is becalmed at around $1,280 a troy ounce...
...The silvery white metal, which is mined alongside nickel or platinum, has jumped more than 50 per cent from its August lows and earlier this month hit a record of $1,434 a troy ounce before slipping back...
...While its swankier neighbours in the Hamptons were steadily attracting gilded Manhattanites, Springs was emerging as a creative enclave with Pollock, his wife, the artist Lee Krasner, and painter Willem...
...The Short View: Precious metals Investors searching for a safe haven have pushed gold prices to $950 a troy ounce....
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