Monday, February 23, 2009

GOLD HITS HISTORIC HIGH:$1,000oz: How much higher can it go?

Gold prices topped $1,000 an ounce Friday as stocks fell near decade lows and sent investors rushing to safe havens. Mr.Smith told CNBC last week he believes gold will rise to $1,200 by the end of this year and around $2,300 in the next few years. "Gold traditionally does well when people's confidence is waning," Smith says.

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