What is the future of raising Gold Price?

Gold price is going above $900. Is there any change of going it down?

Public Comments

1. Very low possibility
2. There is always a chance of it going either way. The bottom could fall out like it did before.
3. might go down for small period but overall its gonna rise more
4. Financial markets like "magic numbers" and the number to watch for gold is $1000. Given that $900 has already been breached it is only a matter of time before we reach this number if the current fundamentals continue. These include: continuing dollar weakness and uncertainty in the financial markets as the truth behind the sub prime debacle comes to light. The longer this uncertainty continues and concern about paper assets (ie T bills and the like) escalates then more and more investors will look to gold as a "safe haven". Investing in gold is relatively straightforward, either directly via one of the large bullion providers (never buy gold jewellery) or via specialist exchange traded funds and, of course, mining stocks. To try and determine when the price of gold is likely to fall a good place to look would be the COT report (Commitment of Traders) issued every Friday by the CFTC - Commodities Futures Trading Commission. Hope the above helps.
5. The gold market will top out much like the Nasdaq did in 2000. Look for an extreme parabolic with multi double-digit days. Until then, just keep accumulating by dollar-cost-averaging in. It could last at least a couple more years before the parabolic top is in.
6. Keep asking that question. When most of the answers are that Gold will never go down, that is when it is about to plummet.
7. Will go up. Demand in India and China for luxurious goods, like expensive cars and why not gold jewelry. Plus the weakness of the USA, now British Pound. Plus the price of gas. Plus uncertainty in Iran. Plus inflation, etc Gold will go up. Right now 907