Credit Suisse Sees Gold Prices Trending Up in Long Term

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Credit Suisse analysts said Tuesday that they're expecting gold prices to trend upwards in the long term. They expect gold to reach $838 an ounce in 2008, $950 an ounce in 2009 and $1,050 an ounce in 2010.

Credit Suisse analysts said Tuesday that they're expecting gold prices to trend upwards in the long term. They expect gold to reach $838 an ounce in 2008, $950 an ounce in 2009 and $1,050 an ounce in 2010. "A number of drivers collectively support the gold price," they said, pointing to the economic environment in the U.S., oil and commodity prices and a change in supply and demand dynamics.

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