excerpt from Marketwatch:
"This is a different type of gold rally, with support coming from both sides of the market -- investment [and] fundamental," said Darin Newsom, a senior analyst at Telvent DTN.
"A certain portion of the buying interest has come from the continued weakness of the dollar, but there is more to it than that," said Newsom.
"There is some 'safe haven' buying as well, but with copper holding firm and the Baltic Dry Index rallying, the Chinese economy seems to be gaining strength," boosting investor confidence, he said.
Additional buying for gold "has been tied to foreign governments and mining companies, who may have been short futures" as well as to exchange-traded fund buying, he said.
"All in all, everyone is getting bullish in this market as it continues to post new highs," he said.
