Articles Tagged "eurozone"

Why Don Coxe Expects Gold to Soar on Good Economic News

The standard wisdom on gold is that it does well in times of economic bad news such as in the 1970s, a period of stagflation and recessions, when the yellow metal rose from $35/oz to peak at $850/oz in 1980. But this time, Don Coxe, a portfolio adviser to the BMO Asset Management, believes things are different. In this interview with The Gold Report, Coxe explains why gold will rise when the economy improves.

Marc Faber: The World Is a Mess, But Junior Mining Stocks Could Double

The world's economy is in tatters and safe havens are few and far between, says legendary contrarian Marc Faber. The banking crisis in Cyprus has shown that even bank deposits are not safe. The publisher of the Doom, Boom and Gloom newsletter, surveying the world from his perch in Hong Kong, discusses the impact of unemployment in Europe, the economic slowdown in China, asset bubbles and the turnaround prospects for precious metals miners. Faber also reveals his investment strategy for these volatile times in this interview with The Gold Report.

Gold Price Declines on Concerns for European Debt

Gold Inches Higher On China Stimulus Talk

Reuters reported that gold prices climbed 1.5 percent on Thursday, the biggest gain in two weeks for the yellow metal. Boosting the gold price was hopes for additional monetary stimulus from China and renewed austerity steps in Spain which have raised more concerns about the Eurozone.

Gold Prices Hit Two-Week Low, Focus on Eurozone Debt Crisis

Reuters reported that gold prices ended lower on Wednesday's trading session, off a previous two-week low. Responsible for weaker gold is a stronger dollar and weaker crude oil, triggered on profit-taking following the bullion's recent rally. Investors are also shifting their focus to developments in the latest bout of Eurozone debt crisis.