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Spot Gold Price 15 Sep 2010

spot gold price

Spot Gold Price 15 Sep 2010

News that central banks are expected to be net buyers of gold bullion this year for the first time in 20 years following heavy selling during the past 10 years together with a weaker US dollar helped to push the spot price to fresh highs and marks a remarkable rehabilitation for gold as an attractive (albeit non-yielding asset).  The question now is how far the gold price is likely to rise, given the recent break into new high ground and one way is to consider the gold futures market. A detailed analysis of the December gold futures contract can now be found at my new gold futures site which may help to give us some clues.

Gold hits all time high