By Kishori Krishnan Exclusive To Gold Investing News This is no storm in a teacup. The desert storm racking the Persian Gulf emirate of Dubai has reverberated across the globe. And the charge of the gold bull has clearly been stopped in its tracks. On Monday, Dubai stocks sank in their first day of trading [...]
Gold jewellery sales in Dubai are dip around 30 percent in June on a year ago, as high prices of the metal and the economic downturn deter tourists from visiting the emirate. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
By Kishori Krishnan Exclusive To Gold Investing News After hitting $1,000 an ounce last month, the gold price has since settled back to the $920 range, which still represents a more than 28 per cent increase from October, when it hit its most recent bottom near $700. The current price of gold, which was selling [...]
Dubai-based commodities exchange on Monday started a sharia-compliant tradeable security backed by gold, the first of its kind, which will be traded on the NASDAQ Dubai NADQ.DI stock exchange. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Got anything special on your calendar for December 25? Well, ink this in. By executive proclamation, Gov. Sarah Palin has declared Thursday ‘Iditarod Gold Discovery Day’ to mark the 100th anniversary of the first strike in the Iditarod gold fields. The proclamation, dated November 21, encourages “all [...]
By Dave Brown – Exclusive to Gold Investing News As political debate was waged this week over whether a second stimulus package is necessary, the economy’s fragility was accentuated by an increase in the unemployment rate to 6.1 per cent in August. The street consensus was at 5.8 per cent and figures indicate the labor [...]
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