Gold shatters ‘summer doldrums’ as it climbs to record territory

Most-active gold contract nears all-time high, as front-month contract scores a record

The gold market saw a lot of excitement on Thursday, with its climb over the last five sessions in a row ultimately lifting prices into record territory.

“Ordinarily this is the quiet time for gold—summer doldrums,” said Ross Norman, chief executive officer of precious metals news and information provider Metals Daily. “Well, not this year.”

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