Signup for our free newsletter:

Gold Spikes After Oslo Bombing

Written By Brian Hicks

Posted July 22, 2011

The price of gold spiked today immediately following a terrorist attack in Oslo, Norway. In the nation’s worst attack since WWII, at least seven people have been confirmed dead with another 15 injured so far.

Concerns over future attacks pushed investors directly toward gold, surging prices back over the $1,600 level.

july 2011 gold chart 1

Gold prices have increased nearly 7% since the beginning of July as investors continue to swarm into the market seeking safe haven from global economic woes. Continued security fears may also add to gold’s run in the short-term.

Here was the scene in Oslo moments after the attack:

– Greg McCoach