By Kishori Krishnan Exclusive To Gold Investing News We would not like to be a party pooper, but the near term risk for gold remains very much on the downside. Throughout 2009, gold price has been pretty steady. No doubt, it ended the year 24 per cent stronger than from the start of the year, [...]
By Kishori Krishnan – Exclusive to Gold Investing News Stock markets are down and so is the price of the yellow metal. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited – a stronger dollar and decline in [...]
Bloomberg.com reports gold prices made the biggest jump in 26 years with the worst financial crisis since 1920s. Gold also headed for its largest weekly gain since October 1999 after the U.S. yesterday took over American International Group Inc., the country’s largest insurer, and Lehman Brothers Holdings Inc. filed for bankruptcy. The Federal Reserve today almost [...]
BullionVault.com reports Gary Dorsch of Global Money Trends writes six central banks that oversee 40% of the world’s economy decided to slow their fast growing economies this summer in order to keep commodity prices in check. Their rapid fire tightening moves over the past two months contributed to the crash in the Gold Market since July 15th. India, the biggest consumer of [...]
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