Gold in Rain or Shine
Though many analysts are projecting inflation as the likely scenario in the coming future, the World Gold Council says that the metal is an important addition to any portfolio, regardless of the global economic future.
Articles Tagged "euro zone"
Gold retreats but euro zone debt woes underpin
Reuters reports that Gold eased back toward $1,380 an ounce on Wednesday.
Gold’s Rally Retreats, But for How Long?
The strengthening of the dollar and rumors of China tightening monetary policy has pushed gold prices down. Some see this as a beginning of a correction for a ‘bubble’ in the gold market, yet many analysts see a continuing positive climate for gold.
Gold hits record on inflation worry, Europe debt
Reuters reports that on Tuesday, Gold's record-breaking spree continued.
Gold Price Pushing Past Key Resistance Levels
A late morning $20 bounce put a smile on every gold bug’s face, and by mid-day the precious metal had shot above $1240 an ounce, hitting a high of $1246.20 late in the day. Prices backed off a bit to close at $1241.30 an ounce on the COMEX.
Gold Prices Bounce on Indian Demand Forecasts, Chinese Rumors and Korean Saber Rattling
Three news stories moving gold prices this week include the World Gold Council’s recent report, rumors China would sell its euro zone debt holdings, and of all things, the stand-off in the Korean Peninsula.
Gold Price Takes a Beating with the Rest of the Markets
After hitting record highs of $1249 an ounce last week, gold has lost much of its May luster the past few days, dropping as low as $1174 an ounce in New York Thursday morning. While traditionally one would expect the precious metal to be trading up in such an environment, uncertainty across all markets remains high.
Gold Price Hits Record High: Further to Go?
After hitting an all-time record high, the price of gold edged back down Thursday. Precious metals analysts are blowing off the break as little more than a bit of profit-taking or a short breather before gold prices continue their upward climb on fear and uncertainty in the markets, which has been pushing investors into safe-haven assets.
Gold Bulls Wincing over GFMS Report
GFMS Group’s well-respected annual Gold Survey report is out for 2010, but what’s got most in the precious metal markets talking is the comments made by Philip Klapwijk, chairman of precious metals research at GFMS, during an interview with Reuters: “There are pointers to the fact that we are entering the final stages of a bull market.”
Gold Price Hangs On to Gains
Gold bugs are smiling this week, especially after the price of gold surged ahead to a four-month high breaking past $1,150 an ounce Wednesday despite relative dollar strength and the bearish voices heard throughout the market last week.
