Friday, October 12, 2007

Gold Price to Keep Rising Due to Limited Supply, Glut of US Dollars

Gold rose to the highest price since 1980 as a decline in the value of the dollar boosted the appeal of the precious metal as an alternative investment,” reports Pham-Duy Nguyen for Bloomberg. “Gold is gearing up for another rally,” ads Paul McLeod, the vice president of the precious-metals department at Commerzbank Securities in New York. “It’s mo

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