Gold price into correction after breaking new high $675

Gold price enjoys a good uptrend for 2 days, which has risen another $20 in 2 days' time to a 25 years record high of $675.

According to survey from the United States Geological Survey in 2004, Global inventory of Gold and Platinum would be used up very soon. Gold will be exhausted after 17 years whereas Platinum exhausted after 14 years.

Giving this fact of the evering increasing demand for Gold from China and India in the recent decades, and people tends loss confidence in dollars and turns to buy Gold. The prolonged uptrend of spot gold is expected.

But the fact might be that most gold inventory are kept by investors. The supply will never change but as demand keeps growing, they are able to control the gold price to whatever level they wish. How high gold price can reach is only depends on how much they wish to earn.