Price of gold tumbled to $1,183 at the end of June 2013
Today it is at 1,420, up over $200 an ounce..
"There's nothing like the threat of military action to bring buyers back to gold"
Prices jumped over $27 an ounce on Tuesday to close at their highest level since mid-May. "There's nothing like the threat of military action to bring buyers back to gold," said Richard Gotterer, managing director at Wescott Financial Advisory Group.
If the United Nations authorizes a military attack on Syria, "gold will probably surge some more on the uncertainty, but once the military action is over, the price of gold will ease off. Investors shouldn't get caught up in the day trading of gold."