Gold Breaks $1000 per ounce on Inflation Fear

U.S. Consumer Price Index rose in January, a report on Feb. 20 showed. Gold broke the 1000 dollar per ounce again not just because of inflation but also on rising skepticisms about the future of banking industry. Some news about the possibility of nationalizing of the U.S. banks in the late Friday also made the dollar weakened against its major counterparts.