September 17, 2008 at 05:45 AM EDT
Investors Run In Droves to Gold, ETFs; Dollar Dips
Gold prices and exchange traded funds (ETFs) are soaring after the government bailed out American Insurance Group (AIG) and the dollar fell. The largest gold ETF shot up 11.6% along with prices - the biggest one-day gain ever. Investors are fearing more tightening of the credit markets, and they’re reacting quickly, says Stevenson Jacobs for the [...]
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