Golden times ahead

WHILE many base metals and energy stocks are more likely to turn a quick buck for investors, that upside carries with it greater volatility. Punters looking to balance and hedge their portfolios are looking increasingly toward good old trusty gold because of the unique driving factors that affect its value, which continues to climb. By Chris Cann.

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The average gold price on the London PM fix rose for the 20th time in the past 25 quarters for the period ending in June, up 3% to $US666.86, the World Gold Council's Gold Investment Digest reported.

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