Today the price of an ounce of gold at NYSE closed at $824.30. *~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~* The combination of strong crude oil prices and a weakening dollar boosted gold prices to a fresh 28-year high of $824.3 an ounce, just below its all-time high of $850 reached in January 1980. Precious metals traders said investors were adding to their gold positions no one was selling. David Holmes, head of precious metals at Dresdner Kleinwort in London, said a rise to $850 was very much on the cards. John Reade, head of metals strategy at UBS in London, upgraded its one-month gold forecast to an inevitable $850 an ounce. The dollar fell to a record low against the euro of $1.4571 as investors bet that the US Federal Reserve would further cut interest rates to prop up the economy hit now by a second wave of credit turmoil.