Gold Prices Weaken Following News from Europe and China
The price of gold has fallen about 1.2 percent during the week as concerns over the Eurozone debt crisis linger and China shows signs of weakness.
Articles Tagged "debt crisis"
Gold Prices Gaining on Concerns in Europe
Gold gained this week, but Eurozone concerns are keeping the market volatile.
Barisheff Sees $10k Gold on Rising Debt
Financial Post reported that bullish analyst Nick Barisheff sees gold rising to $10,000 an ounce.
Gold Price Increases Leading to Consolidation
Over the last three months, the Canadian equity market has demonstrated a strong appetite for deals including 836 merger and acquisition announcements worth approximately $57 billion. This investment restructuring is equivalent to the strongest deal quarter since prior to the credit crisis of 2008.
Gold Price Easing on Solvency Solution Potential
The gold price demonstrated a subdued sensitivity to mixed news flow affirming positive quarterly earnings reports and U.S. stock advancements coupled with some hope for resolving or delaying U.S. solvency issues.
Austerity Measures in Greece Impact Gold Price
With the parliament of Greece passing the first of two austerity measures, gold prices have been rising with growing investor appetite for risk. Analysts expect the vote to be in favour of the final austerity bill, which might gesture a bullish impact based on a weaker dollar.
Precious Metals Rise on European Debt Worries
ABC News reports that precious metal prices are rising because of worries about inflation and Europe's debt crisis.
Gold Rises on Speculation Wide Swings in Currencies to Boost Metal Demand
Bloomberg reports that Gold futures rose on speculation that wide swings in currency markets will boost demand.
Gold Futures Rebound
Bloomberg reports that Gold futures rebounded after investors snapped up the precious metal as an alternative to currencies.
Gold Futures Rise to Record Closing Price on `Currency Debasement’ Concern
Bloomberg reports that Gold futures rose to a record settlement of $1,416.10 an ounce on concern the U.S. will pump more cash into the economy.
