India gold futures may trade lower this week on waning safe-haven demand on expectations of surging equity markets. Pradeep Unni, senior research analyst with Richcomm Global Services, stated: We expect gold to trade in a range with negative bias. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News With friends like these, who needs enemies? Silver and gold have a new best friend amongst their midst – Ben Bernanke. His pronouncement has engineered one of the last decade’s most dramatic turnarounds, with gold price leaping nearly 60 bucks and silver joining in the melee with a [...]
By Kishori Krishnan Exclusive to Gold Investing News A slight drop in prices is a good time to shore up. Last Friday, gold futures surged above $1,000, the highest level since last March. This week though, gold slipped back. But worries about long-term inflation caused by the massive U.S. stimulus package may push it up [...]
By Kishori Krishnan Exclusive To Gold Investing News As investors the world over turn to a recognised store of value, gold demand has pushed through the US$100 billion barrier. Sustained investor interest in gold over the course of 2008 against a backdrop of the worst year on record for global stock markets and many other [...]
Participants buy the metal as a safe haven and hedge against inflation. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Bullion’s strength is being tested – this time round it is not just against the U.S. dollar, but also currencies across the board. As volatile currency markets and solid investment demand spur bullion buying, spot gold price ounce rose as high as $902.50, the loftiest price ever [...]
Gold reinforced its status as a safe-haven investment, rallying to $900 an ounce on buying linked to investor concern over the faltering world economy. For full story, click here
Gold demand rose 18 percent in the third quarter as lower prices encouraged purchases by jewelers and as investors sought a haven from the credit crisis, the World Gold Council said. For full story, click here
The yellow metal that rallied during every US recession in the past 3 decades, may fall to a two-year low as the threat of deflation curbs bullion’s shine. Joel Crane, a Deutsche Bank AG strategist, said: Gold is not considered a safe haven because investors are viewing it as part of the commodity class. Commodity [...]
Price of the yellow metal sank and then bounced hard vs. the Dollar early on Monday, whipping violently against all major currencies as world stock markets added to 2008′s 40% losses to date. Mitsui – the precious metals dealer in London, said: While the key Indian festival of Diwali is one day away in India, [...]
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