Experts say the US' economic stimulus policies and Europe's debt crisis will have a major impact on international gold prices. The precious metal is seen as a safe haven investment so it tracks instability in the global economy.

Traditionally, the more uncertainty, the more gold prices gain.

Many economists say gold's value will be stable in the long run, but no one can predict short term movements. They advise holding onto gold plays for a longer amount of time, and warn that seeking fast returns can be tricky.

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