The price on Gold has reached the new maximum for the last 18 years on the European session on Monday, since the gamblers are afraid of inflation progress. Lowering the dollar rate has also contributed to the rise of the prices on metal. At the same time dealers don`t leave out the new wave of the profit fixation with the short term speculates.
Seems that as early as on Monday Gold may rise in price up to 480 USD per ounce and it`s quite possible that the barrier $500 will be broken this year.
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