Most of the news points to war with Iraq sooner rather than later, and that's helping gold,'' said David Rinehimer, an analyst at Salomon Smith Barney Inc. in New York. ``As long as the news increases that likelihood, there is no reason to think gold will go lower.'' Gold for April delivery rose $7.20, or 1.9 percent, to $378.80 an ounce at 12:49 p.m. on the Comex division of the New York Mercantile Exchange. A settlement at that price would be the highest for a most-active gold contract since November 1996. Gold futures may climb above $400 an ounce before a U.S. attack, Rinehimer said. ``If there is news that changes investor sentiment, such as Saddam Hussein going into exile, that dramatically reduces the chances of war and gold could go down immediately $20 to $40,'' he said, referring to Iraq's president.
und bloomberg liegt oft richtig!
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