NEW YORK (CNNMoney.com) -- Foreign governments have been getting in on the recent gold rush, driven by continued fears about Europe's debt crisis and the pace of the global economic recovery.
Those concerns have been propelling the precious metal to record highs over the past 18 months. In fact, gold posted a new intra-day high Friday, when it reached $1,260.90 an ounce. A day earlier, it reached a fresh record high closing price of $1,248.70 an ounce. LINK...
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Yet another ALL-TIME-HIGH and a significant psychological level of $1,250 was broken this morning! I think many analysts will now say their forecast of $1,500 by years end was too conservative. I would have to agree. BK
