Jewelry

Gold Prices to Hit $1500 again

piyushinsg's picture
Submitted by piyushinsg on Mon, 03/24/2008 - 03:29.
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Something unique happened last week, Fed cut interest rates by 75 bps, Gold hit $ 1033 an ounce and then plunged 10 per cent in one session to $ 914 an ounce. Crude Oil too struggled to retain its head above the $ 100 per barrel mark even as Goldman Sachs Abbey Cohen proclaimed a fair value for Oil at $ 90 a barrel. Later in the week, the Chinese Government raised Bank reserve requirement, perhaps the 12th time in the last one year.

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1
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what is the price of gold today
Challenges: 
Do you think Spot gold prices will hit $1500? current gold prices are soaring but correctly this week.

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Submitted by Godmode on Mon, 03/10/2008 - 04:18.
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1
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