Gold prices have continued their relentless climb higher ahead of next week's U.S. presidential election, with the popular currency hedge catching a high-profile boost from billionaire investor Paul Tudor Jones when he warned on CNBC recently that “all roads lead to inflation.” Investors are also eyeing a shift toward gold by BRICs nations, where central banks have been heavy buyers of bullion this year as they look to replace U.S. dollar reserves.
But while gold futures (GCZ24) peaked at yet another record high today - this time, above $2,800 - the only gold producer included in the S&P 500 Index ($SPX) just limped to its worst day since 2008. Should investors think about buying the dip, or is something seriously amiss? Here's a closer look.
