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Gold: Dont count on $1,000 |
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| By Paul R. La Monica, CNNMoney 2008-6-20 11:07:00 |
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NEW YORK (CNNMoney.com) -- Don't look now but the price of gold is back above $900 an ounce. Gold, which typically rises during times of economic uncertainty and inflation, hit an all-time high of more than $1,030 an ounce back in mid-March. The price started to slip soon after that as credit crunch fears subsided. But it has been back on the rise this week partly due to the dollar's weakness and stubbornly high oil prices. |
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