The Bank of England preserving its official Bank Rate paid on reserves at 0.5 percent helped the spot market price of gold to climb to $1747.50 per troy ounce. Gold prices were further supported by the Bank's vote to inject another 50 billion pounds into its financial system along with news of Greek leaders finally negotiating a deal on fiscal reforms.
Continue reading "Gold Prices Increase on Bank of England Rate Decision"
Tuesday, March 17, 2009
By Kishori Krishnan Exclusive To Gold Investing News The writing is clear on the wall, according to some experts. Author of Gloom, Boom & Doom report Marc Faber has said the rally in the US markets is likely to continue till April-end, but was quick to add that a total collapse is seen by the [...]
Continue reading "Gold the only credible currency"
Friday, February 6, 2009
By Kishori Krishnan Exclusive To Gold Investing News Canadian stocks posted a high on Thursday as gold prices steamed ahead and financials rebounded. Toronto’s main stock index was higher, lifted by strength in mining companies as gold prices got a boost from safe-haven buying. The resource-laden materials group rose 2.9 per cent and led the [...]
Continue reading "Gold Steams Ahead as Bailouts go Global"
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Friday, February 10, 2012