Gold prices spike

Global economic uncertainty and stock market turmoil left investors searching for safer assets. One of the most popular, as is typical when times are tough, was gold. The precious metal peaked in September at more than $1,900 an ounce. Gold has since lost about 15 percent of its value, but still, prices rose for the 10th consecutive year. And some analysts predict that next year, the yellow metal will top $2,000 an ounce for the first time.<br> <br> In this file picture taken on January 9, 2004, gold bars are displayed at Shinhan Bank in Seoul.

( Jung Yeon-Je/AFP/Getty Images / July 19, 2012 )

Global economic uncertainty and stock market turmoil left investors searching for safer assets. One of the most popular, as is typical when times are tough, was gold. The precious metal peaked in September at more than $1,900 an ounce. Gold has since lost about 15 percent of its value, but still, prices rose for the 10th consecutive year. And some analysts predict that next year, the yellow metal will top $2,000 an ounce for the first time.

In this file picture taken on January 9, 2004, gold bars are displayed at Shinhan Bank in Seoul.

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