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Pros Say: Gold to Spike to $3,000
CNBC.com | February 24, 2009 | 07:12 AM EST

Safe haven plays like gold and the dollar were down again Tuesday, despite the fall in global stocks, as concerns grew about the financial system, scaring investors off. Experts expect the precious metal's rally to continue past the record $1,030.80 it hit last March.

Gold May Spike to $3,000

As governments print more money to pull the global economy out of a recession, Hans Goetti, CIO of LGT Bank in Liechtenstein tells CNBC that gold may spike to $3,000 a troy ounce as a result.

Gold at $1,200 Reasonable

Daryl Guppy, CEO of Guppytraders.com charts the short-term outlook for gold. He discusses whether the precious metal can revisit the $1,000 level.

Gold is a Safe Haven for Investors

As gold prices hover around the $1,000 point, Paul Burton from GFMS World Gold expects the price of gold to increase, due to the fact that gold is a an "asset of last resort" and is a "tangible asset."

Fear Sparks Gold's Rally

Gold is rallying on the fear of investors, says Burkhard Varnholt, chief investment officer at Bank Sarasin.

Riding Gold's Wave

A pull back in gold is healthy for now, says John Licata, chief investment strategist at Blue Phoenix. He speaks to CNBC about gold's pullback from its rally.

Correlation Between Gold & Dollar

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