Will it shine more?

Right from the investors to traders everyone seems to be happy with the recent spurt in the prices of gold. Analyst are predicting the prices to shoot up to 2000 $ per ounce but even there are predictions of the precious metal touching 800 $ per ounce.

The argument for the 2000$ price tag being that the US economy require further stimulus packages, which will weaken the dollar and the current rally in gold is because of dollar getting weaken.

The argument for 800$ price tag being that the U.S. economy is emerging from the recession and the gold prices are rising without any fundamental factors so it is bound to come down.

But as of now the gold prices are high as investors are option the precious metal instead of currency market.

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