Article: The Detroit Free Press Industry Report column.

Nov. 21--INDUSTRY REPORT: Gold may rise to $500 an ounce for the first time since 1987 as investors purchase more bullion as a hedge against declining currencies, a Bloomberg survey shows.

Sixteen of 28 traders, investors and analysts surveyed from Sydney to Chicago Nov. 17 and Nov. 18 advised buying gold, which rose $16.80 last week to $486.20 on the Comex division of the New York Mercantile Exchange. Prices are up 11% this year. Seven recommended selling gold. Five were neutral.

Gold sold in dollars gained against the major currencies last week, including a 3.5% increase in euros and 5% in the British pound. Gold rallied this year as mine output ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!