Gold prices are skyrocketing—recently closing at over $1,000 an ounce, the highest in almost a year—while inflation fears continue rising and the dollar weakens. This is the news that the media is echoing, quoting several analysts. Many are blaming President Obama’s stimulus package for amplifying investors’ fears that his spending plan will only push the country deeper into recession.
Analysts’ forecasts, nonetheless, are a mixed bag. Some analysts are calling the gold rush a bubble that can burst, as the dot-com…
Loading ...