Demand for gold is widely spread around the world. And people are purchasing gold like never before following the recession. East Asia, the Indian sub-continent and the Middle East account for almost 70% of world demand. For full story, click here
Gold advanced from a two-month low in Asia as commodities rebounded and the dollar slipped against the euro, boosting demand for the metal as a hedge against surging consumer prices. For full story, click here
East Asia Minerals Corporation declared that ongoing exploration of the recently discovered South Miwah Bluff Gold Zone has exposed additional high-grade gold, and continues to expand the Company’s flagship Miwah Gold Project in Aceh Province, Northern Sumatra. For full story, click here
Bargain hunters resurfaced in India as gold slipped on Monday, but jewellers in other parts of Asia hoped for more price correction after bullion failed to sustain recent gains. For full story, click here
Gold and silver both saw slight losses in Asia on Wednesday and then decent gains in London before they exploded higher early in New York trade to reach as high as $941.30 and $14.10 per ounce respectively. For full story, click here
Gold dipped for a second day in Asia as some investors sold the metal for cash after global equities slumped on concern the international economic recovery will falter. For full story, click here
Jewellers from India and other parts of Asia have turned their backs on gold with prices hovering near six-week highs, while purchases from the electronics sector offered little support for premiums. For full story, click here
Premiums for gold bars firmed to their highest level in two months on Monday, with prices below $900 an ounce attracting steady interest from consumers in India and other parts of Asia. For full story, click here
Gold had corrected sharply in early Asian trade on Monday on profit-taking and a weak dollar. For full story, click here
Asia will be the dominant player in gold futures soon. The gold futures contract traded at the Comex division of the New York Mercantile Exchange (NYMEX) is still the world’s leader, but Asian exchanges are coming up fast. For full story, click here
Thursday, August 6, 2009