How $800 Gold Hits Consumers, Investors

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"To a certain extent the nature of gold has changed from a safe-haven asset to a trader's asset," said Matthew Hougan, editor of IndexUniverse.com, a Web site that collects and analyzes information on financial market indexes. "You see gold now rise when the market rises and drop when the market drops. A lot of fast money has gone into gold."

An ounce of gold has reached $800 for the first time since 1980. Here are some comments about what the 27-year high in gold prices means for consumers and investors...

What affects people more than surging gold prices is the rise in prices of everyday commodities, like oil, corn and industrial metals. The weakening dollar is also a concern for Americans, because it makes international travel more expensive and could start making imported goods pricier...

"To a certain extent the nature of gold has changed from a safe-haven asset to a trader's asset," said Matthew Hougan, editor of IndexUniverse.com, a Web site that collects and analyzes information on financial market indexes. "You see gold now rise when the market rises and drop when the market drops. A lot of fast money has gone into gold."

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