Gold lifted by falling dollar
By Neil Dennis
Date: July 18, 2007
Gold rose on Wednesday after the US dollar fell to a new record low against the euro, while fears over subprime issues hitting the economy saw some flight to safety....
GFMS, a London-based precious metals consultancy, said gold prices were likely to hit record highs in 2008 as the dollar continues to weaken.
"Investors are likely to push up the price to $850 an ounce in 2008," said Philip Klapwijk, executive chairman to a conference in Beijing, adding that prices could bounce to $700 in the fourth quarter....
The above information has been redacted from the article as it originally appeared on FT.com on July 18, 2007.
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