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Gold Prices have 'picked up', says leading analyst

Gold Prices have picked up during 2010, despite surrounding financial conditions that might have dictated otherwise.

That is according to Barclays Capital analyst Suki Cooper, who said that Gold Prices have increased despite the improved state of the US dollar, according to Reuters.

She told the news provider: "As the year progresses, the dollar has continued to strengthen but gold has picked up.

"That is due to a combination of investor interest starting to turn more favorable toward gold, and the physical demand we're seeing in terms of fabrication."

Meanwhile Nicholas Brooks, head of research and investment strategy at EFT Securities, told the Telegraph that the precious metal's upturn indicated that more people were viewing the commodity as a safe haven.

He said: "The strong performance of gold, despite the strength of the US dollar, indicates that investors are increasingly viewing it as an alternative store of value, not just to the US dollar, but to fiat currencies more broadly."

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