Excerpt from: Futures and Commodity News
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| March 03, 2008 | | Gold prices approaching $1,000 per ounce in commodities trading | Gold futures continue to rise in trading as US dollar weakness helps prompt strength on the commodities market. Some analysts feel that gold prices approaching $1,000 per ounce are not unreasonable in commodities trading right now. Forbes reports on the strength of gold in commodities trading:
'The weakening dollar is increasing gold's appeal as an alternative
investment, which has prompted a wave of fund buying interest as
investors search for a safe haven to protect the value of their
portfolios,' said Standard Bank analysts. | | |
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