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July 28, 2020

Uncertain times push gold to hit new record: $1,931

  • The main reason for gold's record run is the pandemic, but there's more.
  • By STAN CHOE and ALEX VEIGA
    AP Business Writers

    Wall Street is in the throes of a gold rush, as investors drive the price of the precious metal to new heights.

    Gold has been the best investment of the year so far. The price of the precious metal has climbed nearly 27% this year, more than triple the return of the largest U.S. bond funds and towering over the roughly 1% return of big U.S. stocks.


     
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