Gold - The real reason gold is rallying now

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The real reason gold is rallying now

Wednesday, October 07, 2009
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From Bespoke Investment Group:

The price of gold closed at record highs today exceeding $1,040 per ounce throughout the day. While gold is at record highs in dollar terms, the commodity is still down 10% from its highs when priced in Euros and Yen.

As shown in the charts, the price of gold is up considerably over the last five years, but the recent run has only been strong in dollar terms.

Read full article (with charts)...

More on gold:

A fool-proof way to know if gold's in a bubble

What the Wall Street Journal doesn't know about gold

Cash4Gold bonanza hints we're nowhere near a top in gold

Topics:		Gold \| US dollar \| Commodities

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