Gold: The Ultimate Inflation Hedge?
Gold is often seem as the ultimate inflation hedge, but perhaps it's time to reconsider.
Gold is often seem as the ultimate inflation hedge, but perhaps it's time to reconsider.
Bloomberg reported that the Paulson Gold Fund was down by 13%.
Bloomberg reported that gold prices fell as investors did not see additional stimulus being provided by the Federal Reserve.
Gold prices started off the week trading higher based on Monday’s news that Federal Reserve Chairman Ben Bernanke believes the United States' economy has to grow more quickly to reduce the unemployment rate. Overall, spot market gold prices have appreciated slightly by about 0.7 percent this week.
Reuters reported that gold companies are looking to offer better valuations to attract investors away from bullion and towards the miners themselves.
News from India, China, and Mali worked against the gold markets last week.
Sienna Gold Inc. (TSXV:SGP,LMA:SGP) announced drilling results from the Peru-based Callanquitas project.
If Iran isn't on gold investors' radar, perhaps it should be. With the effects of sanctions and inflation intensifying, the nation may be bullish for gold.
Business Insider reported an interview with investment strategist Mark Lackey on the potential for gold mining in West Africa.
Reuters reported that Polyus Gold (LSE:POLG) has decided not to move the company to London.
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