Davide Bosio from Shaw and Partners says it looks like gold is building momentum from its current levels. ''When I left my desk earlier it was sitting at $2050/oz which is fantastic''. ''A lot of people have asked me has it gone too high now and where does it go from here ... but we are in blue sky territory'', he says. ''When it broke through that $1900 previous high ever since then we've been in new high territory so it really doesn't have anything stopping it''.

Gold 'has nothing stopping it' as it surges past $2000/oz
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