Mineweb – GOLD NEWS – $1600 gold likely if oil hits $100 – Gold Fields

Posted by admin on September 27th, 2009 filed in Gold against Oil

Gold hit an 18-month high on Wednesday, rising above $1020 an ounce as the dollar’s slide to 2009 lows against the euro sparked buying of the metal as a hedge against currency risks. Also supportive was oil’s rise above $72 a barrel on …