Gold Mocks World Spooked By Fed’s $600 Billion: William Pesek
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If Group of 20 officials want evidence they achieved little in Seoul, it’s the price of gold.
Gold mocked hopes for a solution to global imbalances in recent months, on its way to new highs. With the $1,400 per ounce mark under its belt, gold was shooting for the next milestone: $1,500. Now, commodities, which fell the most in 18 months on Friday, are dissing the G-20 in a different way.