Gold Price Hits New Record

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Another day brings still another record in the roaring bull market in gold.

The yellow metal hit just under $1,167.80 an ounce in international trading.

Once again, traders pointed to the weakness in the dollar as a key reason for the surge in gold and some analysts mentioned growing tensions with Iran as a cause.

How high will the price of gold go? Predictions are all over the map with some experts looking at $2,000 an ounce as a reasonable target.

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