"Noda: G-7 Will Take Any Action Necessary to Stabilize Markets
Group of Seven nations sought to head off a collapse in global investor confidence after the U.S. sovereign-rating downgrade and a sell-off in Italian and Spanish debt intensified threats to the world economic recovery.
The nations will take every action necessary to stabilize financial markets, the G-7 said in a joint statement released today."
My comment: Presumably a soaring gold price means a lack of "global investor confidence" so expect heavy G-7 manipulation of gold to "head off a collapse in global investor confidence."