Gold has gone up on the weakness of the US dollar. Us central banks would like to see some of the heat coming off the $ .Its good for US industry. The problem is that no one wants to see a mass exodusout of the dollar. For the time been world banks are happy to see gold going up. There is no way we will see gold reaching anywhere previous highs. Fact is it does not take much to lower the gold price. One ann. from a major country saying that they are selling bullion will have a dramatic effect on gold.
