Financial Post - 'Gold is About Fear, Not Greed': Behind Gold's Record Rise and Where Prices are Headed Next
Artivcle by Naimul Karim in Financial Post
Gold has dominated headlines this week after the precious metal surged to its highest ever price — $2,135 per ounce — for a brief period on Dec. 3, but observers will tell you they are more interested in the days ahead as opposed to the record itself.
“I am not getting into something that happened in 90 seconds,” said David Rosenberg, an economist and founder of the firm Rosenberg Research & Associates Inc., referring to the record-setting price. “It was nothing fundamental and nothing worth talking about. What’s more important is the direction for the gold price from here now that we are ......