Latest figures from the IMF show that Central Banks have continued to increase their gold holdings significantly in April, after a big increase the previous month.

Gold tends to trade together with the euro, so any weakness in the single European currency can lead to investors to cash in their bullion positions to realise a higher profit in their local currency.

As the “volume of dollars is going up as we get more quantitative easing” he sees gold at $3,000 per ounce.

Of those 23 participants, 21 see prices up, while two see prices down, and zero are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

Gold futures continued to rebound Friday as the U.S. dollar lost steam and weakened in relation to other major currencies

Is gold finished? I’d say it is about as finished as all of the other times in the last dozen years that it has been finished.

The eurozone could break up and trigger a global economic slump to rival the Great Depression, the IMF warned last night.

The Soros Fund Management seems optimistic on gold as it stocks up in bulk.

That’s precisely what happened in late 2008, when the collapse of Lehman Bros. – and the missed opportunity to let every other over-leveraged investment fraud go bust as well – drove equities, commodities and gold sharply lower.

Gold tends to trade inversely to the dollar, so that strength in the U.S. unit encourages non-U.S. investors to sell gold in exchange for greater profits in their own currencies.