Gold rose on Wednesday after the US dollar fell to a new record low against the euro, while fears over subprime issues hitting the economy saw some flight to safety….GFMS, a London-based precious metals consultancy, said gold prices were likely to hit record highs in 2008 as the dollar continues to weaken.”Investors are likely to push up the price to $850 an ounce in 2008,” said Philip Klapwijk, executive chairman to a conference in Beijing, adding that prices could bounce to $700 in the…
Original Post By Google News By Neil Dennis
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