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...