Middle East Economic Survey


No 41


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...