The Gold price has closed in NY around $1248, just below the record high set last week at $1251. Obviously there are still enough people with a distinct lack of faith in our financial system to ensure that the price keeps rising. The demand from the physical market, especially in emerging markets, is very strong and whilst the highly-leveraged futures players will try and drive the price lower from time to time, they are fighting a losing battle as long as central banks continue to print paper.
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