Even after hitting lovely peaks and analysts predicting prices of gold will get lower, there is no change in the global scene. Recession hit EuroZone and heavy demand of gold from China and India have helped to keep up the gold price. I’m happy that the demand is not to the extent of pushing prices above US $1000. I presume that if the recession gets worse in Europe (hoping it shouldn’t) then there could be a serious push in the gold prices, regardless of the demand coming from the two economic powers i.e. China and India.
Just look at the price 10 years to date.
