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usy
May 20th, 2006, 10:00 AM
what do you guys think about the price rises in gold?

do u think the prices are likely to increase or decrease over the next 12 months??
reaz
May 21st, 2006, 12:41 AM
I have not been following gold that closely but as far as i know the price increases have already been remedied to some extent. gold was down quite a bit when i last checked it.
random_buoy
May 27th, 2006, 02:57 PM
what do you guys think about the price rises in gold?

do u think the prices are likely to increase or decrease over the next 12 months??

Some analysts say that Gold could hit $1400/oz. The increase in gold prices was due to the weakening of the USD. EUR/USD rose from about 1.2100 to a little below 1.3000. Mainly caused by the rising tensions in the middle east. But in the past few days, the dollar strengthened. So we may see a fall in gold prices. Its not a good time to invest in gold futures or stocks.