Articles Tagged "economy"

Global Economic Woes Could Help Gold Prices Hit a New Peak in Coming Years

If the “doom and gloom” predictions of the global economy’s future do come to fruition, many analysts predict the value of gold will continue on its long-term upward trend, topping $2000 US per ounce in the next couple of years. “It is not unreasonable with all the issues – the sovereign debt, municipal debt, huge trade deficits, and the cost of carrying – that gold will hit $1600 an ounce this year and $2000 an ounce in the next one to three years,” said Wayne Atwell, Managing Director at Casimir Capital.

Gold Futures Fall for Third Day on Improved Outlook for Economy

Bloomberg reports that Gold fell for the third straight day on mounting speculation that an improving economy will cut demand for the metal as a haven.

Northland Files Assessment Program for Hannukainen Project

Northland Resources S.A. (TSE:NAU) files an Exploitation (Mining) Concession application to the Finnish Ministry of Employment and the Economy for the Hannukainen iron Oxide-Copper-Gold project.

Gold Advances for a Third Day

Bloomberg reports that Gold rose the most in a month after the dollar’s retreat boosted demand for the precious metal as an alternative investment.

Behind the new gold rush

The Hindu.com reports that Gold is losing its respect as the default and fail-safe asset class and becoming a speculative instrument.

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.