The high price of gold was not the only reason.
By late 2004, the price of gold was higher than its 12-year moving average.
The question now is how much higher can the price of gold go.
Also, the gold price has increased every year for the past 11 years.
But two more changes are needed before gold prices can really take off.
What do you expect to happen to gold prices through, say, the middle of next year?
Also, gold prices began to rise late in the day.
The price of gold reached a 20-year low, $255.75 in Europe.
Gold price aside, does anything, at all, ever make you happy?
If the price of gold falls further, the pressure on production will increase.