Spot Gold Price on July 25, 2008

• 41%
  accuracy

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Gold rallied nearly 2 percent on July 10, boosted by firmer oil prices and talk of a producer buying back material it had previously sold forward. Gold rose to $939.25/940.25 from $926.90/928.10 an ounce late in New York on July 9.

Firmer oil prices typically benefit the precious metal, as they fuel concerns over rising inflation, against which gold is often bought as a hedge, and boost interest in commodities as a whole.

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Community Prediction in Chance

Community Accuracy:  41%

Top Predictor:   estimator (63% Accuracy)

(show accuracy distribution▼)

Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	25%			Above $1000
	63%			$950 - $1000
	11%			$900 - $950
	2%			Below $900

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