The Euro May Struggle to Stack Up Against Gold
Changes to the European Financial Stability Facility could mean a loss in value of the Euro currency in relation to gold and other precious metals.
Articles Tagged "inflation"
Gold and Italy’s Financial Worries
Insecurity over Italy’s financial stability make it the latest target of Euro Zone contagion fears and call into question the place the role of gold.
Gold Rebounds as Improving Economy May Boost Demand for an Inflation Hedge
Bloomberg reported that signs of a strengthening economy and possible inflation caused gold prices to rally.
World Gold Council Says Demand from China May Double Sooner than Expected
The World Gold Council (WGC) says China’s growing demand for the precious metal may double sooner than its original prediction of 2020 as both private and institutional investors move to increase their holdings as a hedge against international inflation concerns.
Gold Surpasses $1,500/oz on Inflation Concerns
The price of gold surged to $1,500/oz on Wednesday.
Gold Shines in Cloudy Skies
Gold continued its three day run up $40 per ounce since the start of April. Driven by inflationary fears, political instability and high oil prices, the next key resistance level may be $1500 per ounce. However, as nations raise interest rates, gold may be headed for a correction.
Gold Supported by Libya Tensions and Inflation
The price of gold remained generally flat Tuesday, up $1.70 to close at $1428.80 per ounce. However, the trend for increasing prices should be supported by rising inflation numbers surrounding sustained high oil prices.
U.S. Job Report and Chinese Inflation Causing Push-and-Pull on Gold Prices
Mixed results from the recent report on the state of the US job market resulted in fluctuating gold prices , however, the larger driving factor for gold futures may be global inflation pressures from the Chinese interest hike.
China’s Latest Move to Control Inflation Pushes Gold Prices Down
Kitco's Jon Nadler points to China as the catalyst for gold's recent price chopping.
Silver to Join Gold as a Currency?
Larry W. Reaugh argues that gold and silver could once again back global currencies.
