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PDAC 08 - gold to remain high ahead of stronger dollar

GOLD bugs were out in force on day one of the PDAC convention as the yellow metal shows every sign of pushing through the $US1000 an ounce mark, although analysts warned a stronger dollar could curb prices in the second half of 2008.

MiningNews.Net
PDAC 08 - gold to remain high ahead of stronger dollar

HSBC Securities' New York-based metals analyst Jim Steel told delegates the weakening greenback, cuts in US interest rates and firming commodity prices were supportive of gold. "The [US] dollar is still...

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