Gold rallied above $1,500 an ounce for the first time on Wednesday, extending this week's record run as investors hedged growing inflation risks and bought into a broad commodities rally as the dollar slumped. Full story
Gold is a buy as long as the money supply remains high, according to Brian Kelly, president of Kanundrum Capital.
NEW YORK, NY - APRIL 19: Gold is displayed in a window in the jewelry district on April 19, 2011 in New York City. Gold futures climbed to a record $1,500 level today following a weaker dollar and higher oil prices. Gold settled at a record $1,494.50 per troy ounce on the Comex division of the New Y