Heads Up: Gold prices to rise in 2008

After the 2007 shooting up of gold prices one would think that it would see some correction. Looks like this wouldnt be most prudent assumption going by the pundits in this trade.

What do these pundits think?

Analysts in Hindustan times' article titled' Gold to shine in 2008' believe a number of reasons like rising oil-prices, weaking dollar and political uncertainties will fuel the demand for gold. The gold futures( which determine the actual price of gold) for February are also closing a trifle higher than last week's close.

Another magazine Outlook Money adds in their article titled 'Time to add some sheen' that the beginning of 2008 is the best time to invest in gold funds or bars/coins but not jewellery.