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On 11 January 2006, the final 1,000 pixels sold for a boosted price of $38,100.
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The ability to invest in metals via exchange-traded funds that have been set up over the past two years has also boosted prices, providing a conduit for the investment community to put their money into gold.
The resulting shortage has boosted prices to an all-time high of about $35 to $45 per kilogram.
This limited supply has boosted prices.
OPEC plans to cut production by 1 million barrels a day in an effort to boost prices, or at least prevent sharp future declines.
Last week, Venezuela it planed to cut crude oil production by about 50,000 barrels a day and Nigeria said it planed to hold back about 120,000 barrels a day in an attempt to boost prices.
The Organization of Petroleum Exporting Countries is scheduled to meet Thursday in Qatar to discuss pulling one million barrels a day from production in an effort to boost prices.
The rapid run-up in prices at the pump when Katrina hit -- and their slow decline -- has infuriated drivers, many of whom complain that oil companies used the storm as a pretext for boosting prices and profits.
In the 1980s the country did cut production significantly in a bid to boost prices, but it had little effect and it also badly affected the Saudi economy.
In the commodities markets, oil fell $0.02, to $63.20 a barrel, on the New York Mercantile Exchange, as oil producers cut demand in an effort to boost prices.
In the commodities markets, oil rose $1.36, to $64.58 a barrel, on the New York Mercantile Exchange, as oil producers cut demand in an effort to boost prices.
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