Gold continued to command the spotlight yesterday as bullion hovered around the $1,000 mark, while oil prices rose by more than $1 a barrel, helped by further weakness in the dollar.
Gold moved in a range between a low of $993.80 and a high of $1,002.95. Although unable to match Monday's high of $1,007.45, gold's breach of the $1,000 mark for only the third time in history prompted a flurry of analysts' comments.
Investec Asset Management said it would “not be unreasonable” for gold to trade 10-15 per cent higher from current levels, hitting the $1,100-$1,150 an ounce range.
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