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“Gold rose to within $10 of a record high on Friday, closing out an unprecedented tenth annual gain as the combination of a weaker dollar and global economic uncertainty seemed to pave the way higher next year.
The entire precious metals complex had a stellar run in 2010, led by palladium’s 97 percent rise, in a broad commodities rally that pushed the 19-commodity Reuters-Jefferies CRB index up 15 percent.
Spot silver, too, swept higher for an 83 percent gain on the year, as investors sought the white metal as an alternative to gold. It was the best-performing assets in the CRB, hitting a 30-year peak of $30.92 on Friday.”
