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Video: Why Gold's Gonna Rise

Monday, 22 Sep 2008 | 11:56 AM ET
Gold Prices to Rise
Demand for gold remains strong, but supply is tight, meaning the price is likely to rise over the long term, Evy Hambro from BlackRock told CNBC Monday.

The Dow, Nasdaq and S&P 500 are down (as of this writing); gasoline, natural gas and oil prices are up. The U.S. dollar is down against the euro and the British pound.

So where is gold headed?

Up, says BlackRock's Evy Hambro. He told CNBC why the precious metal is set to climb over the long term.

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