Since the news on Sunday of Osama bin Laden’s death, many commodities, especially precious metals, has been marked by high volatility. Will the killing of bin Laden have long term effects on the US and World economies?
USfunds.com reports any pullback in gold should be muted as compared to stocks, bonds, and other commodities.
Reuters reports on Thursday, Gold firmed after the U.S. Federal Reserve pledged to buy $600 billion in government debt over eight months.
ETFs have generated interest among investors, who purchased $277 billion of commodity ETFs and related securities by the end of 2009, attracted primarily to the potential of low costs, stock-like features and relative tax efficiency as well as profiting from exposure to raw materials’ global demand.
By Melissa Pistilli-Exclusive to Gold Investing News A number of factors, real or imagined, combined to move the gold price down to touch a two-week low at $1087.70 an ounce early Thursday and then back up to nearly the $1110 level in a matter of hours. Movements in the gold market are becoming less and [...]
By Kishori Krishnan Exclusive To Gold Investing News Investors in gold have had it too good for too long. After months of prices climbing to unfathomable levels, an uncertainty has surged into the bullion market, keeping everybody on the edge. Obviously. What goes up has to come down some day. The big question on everybody’s [...]
By Kishori Krishnan Exclusive To Gold Investing News Its a clear sign. Money is coming back into the resource sector as investors around the world are beginning to recognise the exceptional values in the context of a longer term outlook. And companies that are generating shareholder value by advancing their projects will continue to be [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold was softer on Monday but holding within reach of a seven-week high as inflation and economic fears boosted its appeal as a hedge against uncertainty. Spot gold bid at $928.50 an ounce in the early hours of Monday, compared with $930.70 late in New York on [...]
For years while the equities market was hot, many investors stayed away from gold, thinking it a poor investment. However, given recent events, including a weakening dollar and the potential for stimulus/bailout induced inflation, many of those investors are now looking to gold as a long term safe haven. In response, for 2009 The MoneyShow [...]
By Kishori Krishnan Exclusive To Gold Investing News U.S gold futures slipped early Thursday as some investors unwound their safe-haven play when the dollar strengthened and equity markets firmed, following positive earnings news and improved economic prospects. Gold for June delivery GCM9 lost $6.50 to $879.40 an ounce on the COMEX division of the New [...]
Tuesday, May 3, 2011