At a glance

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.