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Investors are flocking to gold like there's no tomorrow

Section: Daily Dispatches

By Lauren Gensler
Forbes magazine, New York
Friday, February 12, 2016

Gold is having a moment.

The precious metal surged 6% this week, and is up 16% this year, as global market turmoil has prompted nervous investors to rush into what they view as a safe haven investment.

“The strong rally in gold highlights the fear that currently permeates through financial markets,” said IG analyst Joshua Mahony.

This week alone, investors plowed $1.6 billion into precious metals (which includes gold as well as silver, platinum and more), according to Bank of America Merrill Lynch. In the last five years, there has only been one other week with bigger inflows into the shiny stuff.

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