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 [...]
India gold futures treaded water on Thursday as the dollar stayed near its seven-week low against a basket of currencies. Aurobinda Prasad, deputy manager-research, Karvy Comtrade, stated: Gold may be on the higher side later supported by weak dollar and firm crude. For full story, click here
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 is a safety mechanism and it is also an anti-inflation mechanism - so you get two for the price of one. “Some people will claim there’s no value to it (gold) but so what, it does what it’s supposed to do,” according to Joseph Saluzzi, co-head [...]
By Kishori Krishnan Exclusive To Gold Investing News As investors the world over turn to a recognised store of value, gold demand has pushed through the US$100 billion barrier. Sustained investor interest in gold over the course of 2008 against a backdrop of the worst year on record for global stock markets and many other [...]
By Kishori Krishnan Exclusive To Gold Investing News The news just gets better. Gold prices are set to hit $1,500 an ounce in the next 12 to 15 months, said Gary Dugan, the Chief Investment Officer of Merrill Lynch. Dugan termed his apprehensions of gold striking such a high as a ‘fear’ that may come [...]
By Kishori Krishnan Exclusive to Gold Investing News Gold which has had a really powerful run in the last few days, slipped a little at the end of last week, as participants booked profits in thin trading conditions. The precious metal had ended 2008 trading up 5.5 per cent, its eighth consecutive yearly gain and [...]
Reuters reports gold has a bright outlook with industrial demand for the metal and renewed interest in gold futures by stock market fugitives says a director at AngloGold Ashanti, the world’s third-largest gold miner. “We are excited about the future because we think it has a place in the stability of the different currencies and there is a [...]
By Dave Brown – Exclusive to Gold Investing News It was a good week for gold as the spot price for the precious metal concluded Friday’s session at US$822.90 per troy ounce. Although the price was down slightly on the day, it still represented the biggest gain for gold in a one week period since [...]
AP reports that gold fell while the U.S. dollar was higher against other major currencies trading in Europe. The euro traded at $1.5419, down from $1.5473 late Tuesday in New York. Later, in midday trading in New York, the euro fetched $1.5423. For complete story, click this link. Follow developments in gold mining and exploration for [...]
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