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For now, all that glitters is only gold

By Julian Jessop | China Daily | Updated: 2011-09-20 08:09

For now, all that glitters is only gold

Pang Li / China Daily

Gold's spectacular rise over the past decade has seen its price climb from $256 per ounce in 2001 to more than $1,900 at its recent peak before sliding a little. In the early stages the main driver was the boom in emerging economies. Rapidly rising incomes increased the demand for gold as a status symbol and store of wealth at a time when the supply of newly mined gold was struggling to keep up.

For now, all that glitters is only gold

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