No gold bubble

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The political dithering in the US and the eurozone triggered market turmoil and has driven the safe haven of gold to record levels, peaking above $1,800 last week. David Wilson, director of metals research at Société Générale, predicts uncertainty could push the yellow metal above $2,000 this year. But when stability returns he does not expect a price collapse.

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Source: Financial Times, August 17, 2011.

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