Gold touched a high of $1,877 today, before dropping back to $1,850 an ounce as fears of slowed global economic growth continues to send investors from reeling stock markets. To read more from Reuters, click here.
Continue reading "Gold Sets New High as Growth Fears Continue"
Tuesday, February 15, 2011
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.
Thursday, January 6, 2011
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.
Continue reading "Gold Futures Fall for Third Day on Improved Outlook for Economy"
Monday, January 3, 2011
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.
Continue reading "Northland Files Assessment Program for Hannukainen Project"
Tuesday, December 28, 2010
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.
Continue reading "Gold Advances for a Third Day"
Tuesday, December 28, 2010
The Hindu.com reports that Gold is losing its respect as the default and fail-safe asset class and becoming a speculative instrument.
Continue reading "Behind the new gold rush"
Wednesday, December 15, 2010
Bloomberg reports that Gold fell the most in a week on speculation that the dollar will extend a rally.
Continue reading "Gold Drops Most in a Week on Bets Dollar to Extend Rally"
Monday, December 6, 2010
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.
Tuesday, November 16, 2010
Bloomberg reports that Gold swung between losses and gains amid signs that the U.S. economy.
Continue reading "Gold Swings Between Gains, Losses"
Monday, November 8, 2010
Reuters reports that on Monday, Gold powered to another record above $1,398 an ounce.
Continue reading "Gold milestones on the road to record high"
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Friday, August 19, 2011