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Case for gold fever: NewEdge Wealth sees record rush intensifying
video The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite for the yellow metal. “It’s been very consistent every December. It’s been a pretty strong performance for gold — especially when there is a rally in the stock market in November,” the firm’s head of fixed income told CNBC’s “Fast Money” on Tuesday. Gold settled at a new record high Friday. It closed the day up almost 2%, at $2,089.70 an ounce. Emons listed the economic backdrop and geopolitical backdrop as additional positive catalysts ... (full story)