Gold prices have jumped to new records in the past week, closing Friday at $1116.70 per ounce after wobbling all the way down t0 $1105.00 earlier in the same session. That may sound great, but this was down from a new record high on Thursday of $1123.40 before settling at the weekend's mark.
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The price of gold slipped slightly last week, which is in stark contrast to what the so-called "experts" said to expect long term. Analysts at Morgan Stanley and UBS said Wednesday they expect gold prices to trade higher in 2009, benefiting from some safe-haven buying as well as long-term concerns Read More