By Richard Evans, UK Telegraph:Gold has had an incredible year. The price on the last trading day of 2009 stood at $1,085 an ounce; it has since risen to about $1,380, a rise of 27pc.
It has been higher still: the gold price struck its highest ever level of $1,421 on November 9.
There doesn't seem to be much doubt about the cause of this bull market. All the analysts we spoke to agreed that "quantitative easing" – or printing money – by central banks had sparked fears over the value of paper currencies, spurring investors to switch to more tangible assets....read on
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