The price of gold remained generally flat Tuesday, up $1.70 to close at $1428.80 per ounce. However, the trend for increasing prices should be supported by rising inflation numbers surrounding sustained high oil prices.
By Kishori Krishnan Exclusive To Gold Investing News Gold prices had an excellent run last week, led by the extensive fall in the US dollar and strong rally in the equity markets. The rise in crude oil prices also resulted in lifting bullion. The US currency showcased the biggest decline in a month against euro [...]
By Kishori Krishnan Exclusive To Gold Investing News The week has begun well. Gold futures rose Monday as stock markets and crude-oil futures slumped amid investor cautiousness over the economy and first-quarter earnings at Bank of America, which heightened the metal’s appeal as a safe asset. Bargain hunters also stepped in after the benchmark gold [...]
By Kishori Krishnan Exclusive To Gold Investing News The number one issue among gold advocates and proponents today is trying to ascertain the future for gold in 2009 and indeed into 2010. The price of the yellow metal has been on the upswing. After breaking the $940 mark, gold is expected to rise to as [...]
MarketWatch reports gold futures fell 1% today as falling crude oil prices and a higher US dollar. Gold for August delivery dropped $9.50 to $939 an ounce on the New York Mercantile Exchange. On Tuesday, gold futures dropped $15.20 to end at $948.50 an ounce. James Moore, an Analyst at TheBullionDesk.com says: “Gold is likely to remain on [...]
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