Investor Demand Could Push Gold To Record In 2009

The rising economic uncertainties related to recessionary conditions and increasing joblessness, ever more volatile and vulnerable financial markets and weakening economic conditions that helped spur strong investment demand for gold in 2008 could send gold to record highs above $1,000 this year, CPM Group said Tuesday.

"Investors are concerned about the preservation of the value of their assets amid the massive destruction of wealth over the past year," the commodities research and consulting firm said in this year's closely followed CPM Gold Yearbook.

http://online.wsj.com/article/BT-CO-20090324-715826.html