Gold Prices Lower on Inflation Sentiment
The minutes from a Federal Reserve meeting suggest that it believes inflation remains under control, which resulted in overall spot market gold prices depreciating by about two percent this week.
Articles Tagged "gold investment"
Gold Mining in Cambodia: Attractive but Risky
There's gold in Cambodia. The question is-- are the risks and costs worth the possibilities?
Chalice Gold to Sell Eritrea Project to China SFECO Group
Chalice Gold has agreed to sell its 60 percent interest the Zara gold project in Eritrea to China SFECO Group for $100-million. The sale will enable Chalice to pursue other mining opportunities in Eritrea and around the world.
Gold Investment Product Demand Strong
Strong demand from retail and institutional investors for a new gold investment product has more than doubled the forecast objective of the Royal Canadian Mint's IPO of securities tied to gold reserves.
Gold Price: Alternative Economic Confidence Indicator
Gold price has been strong by any standard for a decade, the use of the search term “gold price” with the Google search engine, has been suggested by Edward Ritchie, Senior Investment Analyst at Manulife Asset Management to be a general gauge for confidence in the United States economy.
Gold Price Supported by Currency Values
Gold investment is becoming more accepted as a substitute for currency by industry observers, particularly in light of the context of all four major currencies experiencing structural debasement.
Retail Bank Investing in Junior Gold Analyst
In the wider context of central banks direct gold investment and gold price volatility within the shorter term, a noteworthy observation is the relatively stable investment in gold equity research by the Bank of Nova Scotia earlier this week.
Gold Prices Set to Climb
The price of gold could increase above a range of $2000 per troy ounce even by the end of the year. Some analysts and observers believe fluctuations in gold prices could drive the gold market in coming weeks as traders struggle to find general consensus and global policymakers consider increasingly desperate measures to stabilize wide spread economic concern.
Central Bank Buyers May Extend Record Gold Rally
Financial Post reported that central banks are increasingly buying gold as a hedge against the dollar.
Gold Price Future Tied to Inflation?
One significant factor underpinning the price of gold right now is high expectations of inflation increasing globally. Although many analysts agree that inflationary concerns will provide support for gold prices, some are much more bullish in their price forecasts than others.
