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article imageYahoo! Finance mistakenly lists gold bullion at $3,401 (video)

By Andrew Moran     Sep 1, 2010 in Business
For a brief moment, during the late morning trading session, Yahoo! Finance listed gold bullion trading at $3,401, which would have been an astronomical increase by 175 percent. However, it was a mistake but gold is still trading near record highs.
On Wednesday, gold bullion is trading near record highs at $1,248 amid economic uncertainty, global astronomical debt and as an inflation safe haven. A lot of goldbugs are projecting that gold will soar to new heights over the next several years because of a falling United States dollar.
At 11 a.m. on Tuesday, the Yahoo! Finance webpage mistakenly listed gold bullion jumping from $1,235.60 to $3,401.50, which would have been a 175 percent spike. This increase only lasted for a brief moment before returning to its actual value.
No other finance website or institution had this error so the majority agree that this was a simple in-house technical glitch that was immediately corrected. However, many forum members are speculating this could have been a warning to investors so let the conspiracy theories begin.
There has been no statement issued by the Yahoo! Finance team on their website.
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