Gold Rises to Record for Second Day

Bloomberg reported that gold hit a new high on the confirmation of continued low interest rates and the low-performing dollar.

The market news is quoted as saying:

The gold market is “not a bubble,” and prices will continue to climb in the long term because global monetary policy is “out of sync” with the real economy, John Hathaway, the senior managing director of Tocqueville Asset Management LP, said today at the Bloomberg Link Precious Metals Conference in New York.

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