Retailer Jeweler reports that the prices of gold broke the $1,000 barrier in September for the second time this year. According to forecasts, gold prices might grow even further.
CRU analyst Prem Chaphekar stated that it wouldn't be surprising if gold prices went up and stayed up.
Meanwhile, Italian Vicenza fair President Dino Menarin expressed his concern over the high gold price in his opening speech on September 12: “Fluctuations in the price of gold do not help the Italian gold jewelry industry, linked to speculative movements that have little to do with the real market.”
According to the World Gold Council, the global financial crisis caused a sharp decline in the demand for gold for jewelry in the first half of 2009
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