QUICK SPARK: Gold Eyes Best Month Since September 1999
Gold topped $4,700 an ounce Monday and is up 14.69% in August, on pace for its strongest month since September 1999 as the dollar weakened.
Gold prices jumped a lot this month because the dollar got weaker, meaning gold looked like a better deal to buyers worldwide. When you see gold doing really well, it can hint that people are worried about money or looking for safer places to keep their wealth.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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