From Telegraph: The gold price rose today, halting a seven-session losing streak and leading other precious metals higher, on signs that the US recession is deepening. “The capital-market environment and real economy prospects are not very favourable,” making it a good time to invest in gold, Bayram Dincer, a commodity analyst at Dresdner Bank in Zurich, said.
“Gold investment demand will start its dynamics again and push prices well into four- digit levels. It is just a matter of weeks when gold races over the record top.” …. Full Article: Source