Gold Price To Jump Or Stay Flat?

Gold Investing News reports gold rallied around $934.50 an ounce.

“All indications are that deflation has been successfully fended off, so far, at least,” says the Curious Capitalist blog at Time magazine after Thursday’s strong US consumer-price data. “The weakening US Dollar from 2002-2008 led to higher global liquidity and higher asset prices like stocks,” says Steven Barrow at Standard Bank in London. “This came to a crashing end in mid 2008 but there are signs that it could be building up again. Add this to the growing evidence that US investors are sending more money into foreign markets again and it looks as if this association between stronger stocks and a weaker dollar could have further to run,” he added.

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