Gold Tops $1,900, Looking ‘A Bit Bubbly’

NEW YORK (CNNMoney) – Gold prices have been on a tear lately, topping a fresh record high above $1,900 an ounce early Tuesday– just two weeks after rising above $1,800.
While experts aren’t too worried about each new milestones, they are starting to freak out about the rapid speed at which prices are hitting them. Gold started the year just above $1,400 an ounce.
Gold prices first crossed the $1,900 mark in after-hours electronic trading Monday. Early Tuesday, prices hit an all-time high of $1,917.90 an ounce, before pulling back to about $1,880.
“Gold could keep working its way higher, but it is starting to look a bit bubbly,” said Matt Zeman market strategist at Kingsview Financial in Chicago. “The run-up reminds me of what silver did a few months ago. It climbed steadily week after week, sucked everyone in, and then the whole deck of cards came crashing down.”

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Gold Tops $1,900, Looking ‘A Bit Bubbly’.

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