Gold Approaches Historic 1999 Gains as Debt Worries Spark "Debasement Trade

Driven by a weakening dollar and historic U.S. debt levels, gold futures surged 2.2% on Friday to hit a three-month high of $4,675 an ounce. The safe-haven precious metal gained a whopping 13% in August alone, putting it on pace for its best single-month performance since 1999. Read the full report on Investopedia.