Gold isn’t going to $2,000 an ounce. Before you gag on your coffee or suffer chest pains, allow me to explain. We’re about eight years into the bull market, and gold has breached the $1,000 level twice and has spent weeks trading above the old high of $850.

The Markets await the Obama economic stimulus and bank rescue plans…  AngloPlat reports higher earnings but flags up cost fears… Johnson Matthey (JMAT) sees 2009 platinum demand declining 5 pct…

Q4 GDP data shows U.S. economy shrank less than expected… Indian gold, euro-priced gold hit records…  Silver hits highest level since Oct 1…

European shares gain for third consecutive session… Euro up against dollar, yen as risk aversion ebbs …  SPDR Gold Trust ETF, iShares silver ETF at record

Gold held below $900 an ounce on Tuesday, giving up some of the previous sessions’ gains, as easing risk aversion dampened interest in the precious metal. Spot gold was quoted at $898.65/900.25 an ounce at 1403 GMT, against $902.65 in New York late on Monday. Earlier it slipped to a low of $891.60 an ounce.

Dollar firms a touch versus the euro, pressuring gold… Key U.S. jobs data shows payrolls down 524,000 in Dec…  Investec cuts 2009 platinum forecast by 28 percent.

Dollar touches fresh 3-week high versus the euro…  ETF Securities reports 2 pct rise in gold ETF holdings… Platinum, palladium rise to multi-week highs…

Dollar rises to 3-week high vs euro on stimulus hopes… Oil prices fail to hold gains above $48 a barrel…  Abu Dhabi Dec gold sales fall 40 pct month on month.

Rising dollar, falling oil prices weigh on gold… Platinum group metals weighed by poor economic data

Mini-currency rally is cut short … Is it Japan or U.S.? … Gold stages a rally…  Swiss francs remain well bid…
And Now… Today’s Pfennig!