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10 Biggest Gains in Gold
Published:
Wednesday, 4 Nov 2009 | 9:51 AM ET
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By: Ariel Nelson
Director of Market Data & Content Services
Director of Market Data & Content Services
Gold [US@GC.1
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] hit another new record high this morning and was up over 1092 for the first time as the dollar fell. The move represents a ~0.5% for the day and a ~20% gain for the past 6 months. By comparison, gold's move is still far from where it was in 1979 - 1980.
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In January 1980, gold hit $834, or approximately $2200 in today's dollars on an inflation adjusted basis. In early 1980, gold was seeing daily moves as high as 10% and was seeing six month gains as high as 170%.
Below are the top 10 daily percent gains in gold since 1975.
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