Gold predicted to rise further in 2008

Gold prices could gain further next year as the pressured economic conditions that led to 2007's surges continue into 2008, it has been claimed.This year has seen the weakening dollar, the US subprime mortgage problems and three interest rate reductions help push gold to new highs, says Money Morning.And while these conditions are unlikely to prevail to the same extent in 2008 as they did in 2007, it is similarly unlikely that they will completely ease off, the website states, potentially keeping gold prices on the same upward trend that has been recorded in recent years.

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