Gold eyes record $850

Posted by Posted by Jewelry News at Saturday, November 10, 2007 7:14 AM and is filed under gold,Precious Metals
Gold gains in early European trading with a soft dollar and firm oil price pushing prices higher and technical charts point beyond its all-time high of $850 an ounce, analysts said on Friday.

"We are still in an uptrend...$850 in the next couple of weeks is fully achievable," technical analyst Karen Jones at Commerzbank said.

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