Gold is getting ever closer to the $1200.00 mark today as the dollar is again showing signs of decline. Spot gold hit a peak of US$1,198.70 per ounce and we could possibly see it close today a few dollars over the $1200 mark. Today's article is from the financial post.
LONDON -- Gold hit record highs near US$1,200 an ounce on Tuesday as dollar weakness fuelled buying of the metal as an alternative asset, while investors speculating on more gains were cheered by recovery from last week's setback.
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