Advisers Warn of Crash, But Still Buying Gold
Reuters reported that gold prices continue to increase over economic concerns in the US and Europe.
Articles Tagged "europe"
Gold Surges to Record on European, U.S. Debt Concerns
Bloomberg reported that gold reached another all-time high on concerns over European and US debt.
World Gold Council Says Gold Should Be Viewed As a Separate Asset Class
According to a recent report by the World Gold Council, investors should be thinking about gold as being so unique as to place it in a separate asset class from other commodities.
Gold Reserves Unchanged at 367 Billion Euros in Week
Reuters Africa reported that Euro zone central banks' gold and gold receivables were unchanged.
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 Rises on Speculation Wide Swings in Currencies to Boost Metal Demand
Bloomberg reports that Gold futures rose on speculation that wide swings in currency markets will boost demand.
Gold Futures Are Little Changed
Bloomberg reports that Gold futures were little changed, erasing earlier gains, as the U.S. dollar rebounded from lows, making the metal less attractive as an alternative investment.
Gold Futures Rebound
Bloomberg reports that Gold futures rebounded after investors snapped up the precious metal as an alternative to currencies.
Gold May Gain on European Debt, Korean Concerns
Businessweek reports that Gold may advance as concern about Europe’s debt crisis and military tensions in the Korean peninsula.
Gold holds near $1,360/oz
Reuters reports that Gold prices steadied near $1,360 an ounce in Europe on Monday.
