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WILL GOLD CONTINUE TO RISE OVER THE COMING MONTHS?

<strong>JULIAN JESSOP CAPITAL ECONOMICS<br /></strong>We would not be surprised to see gold break higher in the coming weeks. However, a mix of unfounded inflation fears, conspiracy theories and speculative demand looks more like the ingredients for a speculative bubble than the grounds for a sustainable increase in prices. Gold looks vulnerable to a roller-coaster ride in the months ahead<strong><br />ANDREW GARTHWAITE CREDIT SUISSE<br /></strong>Everyone is a gold bull given that it is a play on rising government default risk, rising monetisation risk, the debasing of global currencies and&nbsp; a mania that is hard to value but creates its own momentum. We are now more critical of gold &ndash; if the recovery were to look more normal, it is likely that gold would suffer more than anything else. <br /><br /><strong>SIMON DENHAM CAPITAL SPREADS<br /></strong>If we fall below 1020, we would be back into the recent trading range and the break out might be considered a failure.&nbsp; The dollar seems to be the key to events and while the Fed continues to operate its undeclared weak greenback policy, the precious metal will probably remain on the buy side. But, if the dollar starts to recover&hellip; &nbsp;<br /><strong></strong>