At least 16 of 25 retailers, investors, and analysis that Bloomberg surveyed from Mumbai to New York on the 3 and 4 January 2008, gave recommendation to buy gold.
The price of the gold increased 2.7% last week to US$865,70 per ounce in New York. Six respondents said to sell and 3 others neutral.
Spot Gold and crude oil price in the market reached the peak last week when the exchange price of US dollar touched the lowest in a week compare to Euro.
The gold periodical price increased within this 3 weeks.
Meanwhile, the metal price increased 31% in year 2007, when US dollar decreased 9,5% compare to Euro.
Major analysis that surveyed on last 27 and 28 December had anticipated the increment of gold price last week. The survey that Bloomberg held on the projections of the price, the accuracy is 119 times from 192 weeks or reached 62%.
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