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Fourteen-karat  gold bracelets at W.E. Blanchard in Gloucester, Mass.
 (The Spokesman-Review)
Fourteen-karat gold bracelets at W.E. Blanchard in Gloucester, Mass. (The Spokesman-Review)

Gold, rising on worries about high oil prices and inflation, has returned to levels not seen since 1980. At $800, gold isn’t the eye-popper it was in 1980 – an $800 ounce of gold then would be worth more than $2,000 an ounce today, adjusted for inflation. But the more gold in a piece of jewelry, the more shoppers will have to pay, and the more some of them will say no.