September 24, 2007 at 5:00 pm by Tom Lydon
Gold exchange traded funds (ETFs) continued to climb today despite the dollar’s attempt to rise against its all-time lows against the euro. Gold for December increased 40 cents to close at $739.30 an ounce although it reached an intraday high of $741.60, reports Myra P. Saefong and Polya Lesova for MarketWatch. Analysts at Goldman Sachs (GS) say they expect to see gold prices reach $775 an ounce over the next three months and $800 in six months, according to Chris Flood for The Financial Times. The performance of gold ETFs year-to-date is:
