Metals and mining analyst Richard Gray believes that fears over the dollar and possible inflation are both underpinning Gold Prices at present.
The yellow metal has been on a bull run since 2001 but has shown particular strength in the economic crisis and hit an all-time high of $1,072 per ounce last month.
Now Mr. Gray, from investment dealer Blackmont, has explained that even if the dollar revives in the future, the spectre of inflation will keep money flowing into gold.
"Given what we've seen over the course of 2009, investors are looking for an alternative investment to the dollar," he said in an interview with the Gold Report.
"As the economy recovers and there's a scenario where inflation is an issue, then there's a case to be made that gold will do well then, as well."
Meanwhile, a major commodities market research, consulting, asset management and investment banking firm has provided another view on why gold is looking resilient.
CPM Group noted that the impressive nature in which Gold Prices have remained above $1,000 per ounce have convinced investors that buying on a small dip would still represent a bargain.
"If prices do fall toward $1,020, they could spark increased buying from an array of market participants whom have been waiting for lower prices," it said, according to the Dubai Gold and Commodities Exchange.
"Increased volatility across currency and other financial markets could help push prices higher as well."
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