Gold futures rose for a third day

By the weak dollar push gold futures closed Wednesday, but from China, Europe and the relatively strong U.S. economic data, the safety of gold investment demand has weakened.
Department of the New York Mercantile Exchange COMEX Gold futures for February delivery rose $ 2.20, to close at $ 1,388.30 an ounce, a record high of two weeks, or 0.2%. The main contracts of gold rose for a third day.
Commerzbank analyst on Wednesday in a note to clients that if denominated in euro, gold futures have hit a record high of € 1,070 per ounce.
MF Global Futures in New York, Vanguard, said Scott Meyers, senior analyst at the U.S. gold market is more quiet, but investors expect the price of gold hit a new high soon.
He said, "Gold is still in a rapid upward trend among the gold price rose over the weekend may be at 1,400 U.S. dollars an ounce, probably in the near future breakthroughs on Nov. 9 will hit a record high of $ 1,410.10 an ounce."
Meyers said, "The market is still very optimistic about the outlook for gold."
Gold Futures Goldman Sachs analysts on Wednesday is expected to be an ounce in 2012, peaked at $ 1,750.
Analysts said the U.S. will likely continue to maintain the current low interest rate policy next year, Goldman Sachs, the price of gold will continue to set the $ 1,690 goal.

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