Gold briefly tops $900 an ounce
Economic uncertainty, global demand and inflation fears push the metal higher. $1,000 an ounce may not be far off.
The price of gold crossed $900 an ounce for the first time Friday as the dollar weakened amid worries about slowing economic growth in the United States.
And gold bulls believe $1,000 an ounce isn't far off.
Gold closed at a new high of $897.70 an ounce after peaking at $900.10 at 10 a.m. ET. It's up 7% in January after rising 32% in 2007. The Dow Jones Industrial Average ($INDU), meanwhile, is down nearly 5% this month, its worst start for a year since 1991.
A gold necklace that sold for $80 last year is now retailing for $200
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