| 06.02.2009 - Goldman raises gold price forecast to $1,000 as ETF holdings hit new record |
| From Mineweb.com: Gold edged down on Thursday after rising in New York on safe haven buying amid a global financial crisis, with record holdings on the world's largest gold-backed ETF supporting sentiment. Selling of scraps persisted in Asia, driven by gold's recent rise to above $930 as well as fears of falling demand for jewelry during the global economic downturn. Jewelry accounts for nearly 70 percent of global demand..... Full Article: Source |