The gold

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Gold Price Passes $1,800—Its Highest Level in 9 Years

On Wednesday, the spot price of gold smashed through the $1,800-an-ounce barrier, the first time that has happened since 2011. At publication time, the spot price of gold had dropped from Wednesday’s closing price of $1,809 an ounce, and it was trading at exactly $1,800 an ounce. That is still a benchmark the yellow metal has not reached in nine…