“Gold’s ‘breaking out’ to a higher level as imminent. We will see the market move through the bull market highs of $1,040 very, very quickly,” Chris Locke, managing director at Oystertrade.com Management, told CNBC Wednesday. Other analysts have said the precious metal could shine again as inflation fears resurface.

* “Gold’s broader appeal certainly stems from its spectacular price climb. Prices in the spot market are roughly 270% higher than a decade ago. Contrast that with an equal investment in the Dow back in August 1999. Without dividends from their 30 blue-chip stocks, Dow investors would have lost money. Even with dividends, something gold doesn’t pay, the Dow has returned only a 9.3% gain, which amounts to less than 1% per year over a decade,” reports ChicagoTrib