Low Risk, But Not Many Thrills In Gold

Someday, gold will shine again--but probably not during 1996. Locked in a narrow price range for two years, the gold market remains lusterless. It wheezed through 1995, shrugging off opportunities to rally past $400 an ounce, which is believed to be a key psychological barrier. In 1996, some analysts say, nothing short of a global financial meltdown could goose the yellow metal over that hurdle. Yet with inflation fears tamed, world economies on track, and peace afoot in the Middle East and the Balkans, a global crisis seems increasingly less likely.

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