Recent research by New Frontier Advisors, commissioned by the World Gold Council, offers statistical analysis regarding the diversification value of gold exposure to an investment portfolio of a Euro denominated investor.
Debate over the potential of extensive gold reserves held by central banks to resolve the euro zone's economic problems have been pervasive in recent months just as fear of exposure to the sovereign debt crisis has grown. In fact, reports of the German central bank liquidating some of its gold reserves for the first time in almost a year have surfaced, selling 150,000 troy ounces in October.
Prices for gold have lately been demonstrating greater sensitivity to news flow out of Europe than positive data out of the United States. With the market seeking out bullish news, confirmation of the European debt crisis will continue to be the strong triggers that will take gold prices up.
Bloomberg reported that European debt worries may cause gold to rise for a fourth straight day.
Bloomberg reported that new technology is allowing miners to explore previously closed gold mines once again.
Bloomberg reported that the European debt crisis may cause gold to continue to rise.
Mineweb reported that the European Parliament's Economic and Monetary Affairs Committee has confirmed that gold can be used as collateral.
Bloomberg reported that European debt worries boosted gold prices for a fourth straight day.
MarketWatch reported that gold futures are up on European debt worries.
Bloomberg reported that gold and silver prices rose again over investor worries about European debt.
Friday, December 9, 2011