Why Gold Price is Rising Beyond Our Expectation?

[mneilson]

Why Gold Price is rising beyond our expectation? when the price of Gold crossed $1000/ounce, then some experienced and matured commodity analysts said, it was speculative and the price of Gold was not based on demand supply mismatch. Now most of them have changed their views as the price has crossed $1200/ounce yesterday(2nd. December 2009). Let me know your views now.

[richardm1964]

Definitely there is demand supply mismatch in Gold. That's why the price of Gold is rising in international markets.Another cause is the interest shown by some of the central Banks of the world such as India, China and Russia etc to buy gold due to weakening dollars.