This is the weekly chart of gold from 2002 till today.Gold last week went strongly up, way above the psychological level of $1000.
My gut feeling? gold will boost to $1300 in the next few months.
US dollar is losing its credibility as worldwide reserve currency. Central banks are divesting their dollars to have more euros and yen. China wants to get rid of its dollars. This will probably further contribute to the rise of the price of gold.
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