From MyWay:
Gold has risen more than 12 percent this year, driven mainly by oil’s ascent to $100 and steep declines in the U.S. dollar. Gold for April delivery jumped as high as $949.20 an ounce in electronic trading on the New York Mercantile Exchange — the highest ever and within striking distance of the psychologically important $1,000 barrier. Earlier Wednesday, gold settled $8 higher at $937.80.
Make what you will of this, I have my own conclusions. But just for kicks read the five fundamentals will drive gold price higher in 2008.
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on Feb 20th, 2008 at 9:08 pm
Another good read is Jim Sinclair on http://www.jsmineset.com