By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]
Deflation continues to be the key macro development to watch, as demand for gold as a hedge against uncertainty has been waning. For full story, click here
Deflation continues to be the key macro development to watch, as demand for gold as a hedge against uncertainty has been waning. for full story, click here
By Kishori Krishnan Exclusive To Gold Investing News There is only one question doing the rounds – Will US President-elect Barack Obama be able to arrest the root of terrorism? Obama’s tacit admission that “My administration will remain steadfast in support of India’s efforts to catch the perpetrators of this terrible act (the Mumbai terror [...]
By Kishori Krishnan Exclusive To Gold Investing News Speculation is rife: the slumping global economy is expected to reduce demand for commodities. Investor confidence is shaken: Citigroup, the second-largest U.S. bank by assets, looks at options, including a sale of parts of the company or a merger. In the midst of all this gloom, there [...]
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
Perceived as an inflationary hedge, Gold continues to be an attractive asset amongst investors despite inflationary pressures easing marginally in major economies around the world. For full story, click here
MarketWatch reports gold futures fell as the dollar rises against the euro for the 9th day. Gold for December delivery fell $19, or 2.5%, to $743.50 an ounce on the Comex division of the New York Mercantile Exchange. Earlier it fell to $739.80, the lowest price since last October. Mark O’Byrne, Executive Director at Gold [...]
Bloomberg.com reports Kincross Gold, 4th largest gold producer on the market, CEO Burt says: smaller mining companies face a “tiny perfect storm” that has devastated share prices and opened the door for acquisitions. Tye Burt, CEO of Kincross Gold says: “It’s an opportunity-rich environment. There are lots of young companies we’d like to have a relationship [...]
By Dave Brown – Exclusive to Gold Investing News The spot price of gold traded down to US$767.65 per troy ounce on Tuesday with growing concerns of global economic weakness in addition to fragile U.S. housing and labor-market conditions. Data released on Tuesday indicated that pending home sales dropped 3.2 per cent in July, reversing [...]
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