Price goes up if Dollar is weak,economy is tottering;up when economy is performing well for because economy is doing well people go in for gold;if oil prices are high, gold price increases;if oil prices are low,gold price increases.
Will some one tell me what exactly is happening?
May be that the Gold Cartel that fixes prices needs a look into.
Scam has gone too far unnoticed.
Story:
NEW YORK (CNNMoney.com) — Gold continued its rally and set a record high Tuesday as the dollar remained weak despite rising from a 15-month low hit in the previous session.
December gold rose $1.10 to settle at a record $1,102.50 an ounce.
“Investors are still interested in gold because of a weak dollar, weak economic conditions and concerns over the financial markets,” said Carlos Sanchez, precious metals analyst at CPM Group.
http://money.cnn.com/2009/11/10/markets/gold/index.htm?postversion=2009111018
