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Why Gold and Gold Mining Stocks Are Appealing

Andrew Bary

Gold prices hit their highest level since 2013 this past week, an indication that investors increasingly view the often-maligned metal as a good alternative to paper money and government bonds at a time of accommodative monetary policies around the world. Gold climbed to $1,446 an ounce before ending on Friday at $1,425. With gold rallying, gold stocks got a lift.