Gold's backers want to polish up its image

- Central Banking staff
- 29 Apr 2002

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FEATURE - It isn't just the war against terrorism, or the growing violence in the Middle East. It isn't just increased Japanese demand or the Enron scandal's effect on the equity markets. Rather, gold's 10% rally this year, to a recent two-year high of US$309.48 an ounce, stems from all of these factors and more. And that's why, if gold producers maintain their course, the rally is likely to continue reports the National post in Canada.

Until the past few months, the producers had been their own

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