Wednesday, October 14th, 2009 | Posted by

Predictions Indicate Explosive Rise for Gold

According to economists the price of gold is set for an explosive rise having reached new record highs last week. The metal reached $1,048.50 an ounce last Wednesday pushing past the peek reached in March last year.

The increase is due to investors shifting to buy gold as a safe investment as the dollar price continues to fall.

Julian Jessop at Capital Economics was quoted in a recent article as saying, “gold is one of the few investments where there is a case for explosive gains in the coming weeks”.

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Link to this article: : http://www.goldmadesimplenews.com/gold/predictions-indicate-explosive-rise-for-gold-435/

Posted by on Oct 14 2009. Filed under Gold News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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