Middle East Economic Survey
VOL. LII
No 41
12-Oct-2009
Screening The Drivers Behind The Ascent Of Gold
By Shawkat Hammoudeh
Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.
Gold prices recently broke the psychologically important $1,000 mark for a troy ounce, rising by about $100/ounce since early July. The last time it reached this level was February 2009. There are four drivers behind the recent gold ascent, although...
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