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.
Kitco's Jon Nadler points to China as the catalyst for gold's recent price chopping.
Larry W. Reaugh argues that gold and silver could once again back global currencies.
New York Times reports that Gold is an investment that historically made sense when inflation was rampant.
Bloomberg reports that Gold may climb in New York on speculation a deal to rescue Ireland’s banks will curb a spread of the debt crisis.
Reuters reports that on Monday, Gold ticked higher as the euro gained after Ireland's rescue deal.
USfunds.com reports any pullback in gold should be muted as compared to stocks, bonds, and other commodities.
The strengthening of the dollar and rumors of China tightening monetary policy has pushed gold prices down. Some see this as a beginning of a correction for a ‘bubble’ in the gold market, yet many analysts see a continuing positive climate for gold.
Economix reports Gold is at a record only if you fail to adjust for inflation.
Reuters reports U.S. gold futures jumped more than 1 percent on Thursday.
Tuesday, February 8, 2011