William Rhind, Head of US Operations for ETF Securities described his perspective on relative gold price movements, “we are going to see a little bit more consolidation and stability around the gold price we saw a big move in the last few days over $100 as its moved up from its low in the $1500s.I think that right now we are looking for a little bit of stability.”
Rising global demand for gold may lead to a growth in Guyana's industry, though environmental concerns and a lack of infrastructure are slowing the process.
Overall, the gold price is up 11 percent in the last three months, and over the last year the spot price is up by 24 percent. The price of physical gold has outperformed most other major asset classes following the global financial crisis, appreciating by approximately 67 percent while equity markets, are still in negative territory.
While the second quarter of 2009, saw some normalcy setting in the international economy and recovering stock markets, gold investment demand experienced a healthy surge of 46% during the quarter compared to last year. For full story, click here
U.S. gold demand in the second quarter surged 10 percent year-over-year as nearly doubled investment demand offset weaker jewelry purchasing, as per industry report by the World Gold Council released on Wednesday. George Milling-Stanley, WGC’s managing director of government affairs, stated: What you would expect from an economic crisis is depressed jewelry demand all over [...]
Gold prices crossed 15-K level after a gap of 3-1/2 months on the bullion market in early trade on good demand from stockists triggered by overnight rise in New York market. For full story, click here
Gold imports slipped by 50 per cent in June compared to the same month last year due to slowing demand amid a surge in prices. For full story, click here
Gold advanced from a two-month low in Asia as commodities rebounded and the dollar slipped against the euro, boosting demand for the metal as a hedge against surging consumer prices. For full story, click here
The World Gold Council, declared that the rise in gold import duty in the Union Budget may lead to additional smuggling of gold, especially during periods of high demand such as the festival season. For full story, click here
Indian spot gold prices slipped on Tuesday on lack of demand. For full story, click here
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